SBI Holdings to Acquire Stakes in Malaysian Financial Trading System Developer  -UPDATE

SBI Holdings to Acquire Stakes in Malaysian Financial Trading System Developer  -UPDATE

  •  N2N Connect Berhad(N2N) as Financial Trading System Developer
  •  Expanding Digital Asset Business via Further Partnerships

 

SBI Holdings, a listed Japanese financial service conglomerate, acquired stakes in Malaysia-based financial trading system developer N2N Connect Berhad(N2N) as a way to expand the digital asset business, according to the announcement.   

The deal value, along with the percentage(of stakes), has not been detailed.

N2N, listing on Malaysia’s ACE Market, develops financial trading system to brokerages and investment banks. Established in August 2000, the Malaysian company, which has its group companies in Singapore, Hong Kong, Australia among others, aims at building global trading platform with a blockchain technology.

SBI Group would expand its digital asset business via further having various partnership in this space.

SBI Holdings has a market cap of about JPY650bn(USD 6bn).   

 

:N2N Overview :

Address: Wisma N2N, Level 9, Tower 2, Avenue 3, Bangsar South, No. 8, Jalan

               Kerinchi, Kuala Lumpur, 59200

 

Managing Director:  Tiang Boon Hwa

Main Business : Financial Trading System Development to Investment Banks and Brokerages.

Establishment: August 2000

URL :  http://www.n2nconnect.com/

http://www.sbigroup.co.jp/news/2018/0606_11107.html