SBI to Acquire Stakes in US-based Digital Asset Platformer Templum -UPDATE

SBI to Acquire Stakes in US-based Digital Asset Platformer Templum -UPDATE

  • Templum
  • SBI Virtual Currencies

SBI Holdings(SBI), a listed Japanese financial conglomerate, acquired stakes in US-based digital asset issuing platform operator Templum for an undisclosed sum, along with its percentage, according to its announcement.    

Delaware-based Templum is known for developing the platform to distribute Tokenized Asset Offering(TAO) or securities-based digital assets.

Established in 2017, Templum’s founding members have backgrounds in blockchain and brokerage industries.

SBI would further expand its digital asset related business via partnering with start-ups in this space.

Meanwhile SBI Virtual Currencies, FSA-registered SBI’s subsidiary for cryptocurrency Exchange, would plan its trading service likely around by the end of this year, according to its latest financial reports.

SBI has its market cap of about JPY 670bn(USD 7bn).

https://www.tradetemplum.com/

http://www.sbigroup.co.jp/news/2018/0501_11077.html

http://www.sbigroup.co.jp/investors/library/presentation/pdf/presen180426.pdf