Japanese[1] financial services giant SBI Holdings has invested in fintech[2] company Templum, which focuses on offering regulated securities token offerings, according to a press release[3] published yesterday, April 25.
SBI Holding’s investment concluded a $10 mln fundraising round, which Templum reportedly will use to bring in institutional and accredited investors. SBI Holding did not disclose the exact amount they invested.
Templum’s website[4] describes the company as providing “regulatory compliant solutions for Tokenized Asset Offerings (Initial Coin Offerings[5] as securities) and subsequent secondary trading.”
The Japanese finance company is currently leading a 61-bank consortium working on a domestic payments mobile app using Ripple’s technology[6].
SBI had previously announced a plan last fall to launch[7] its own cryptocurrency exchange with Huobi[8], but the plans were postponed[9] in early March in order to first improve security.
Also in March, SBI Holdings expanded further into the crypto sphere[10] by buying 40 percent of Taiwanese[11] cryptocurrency hardware wallet[12] company CoolBitX.
References
- ^ Japanese (cointelegraph.com)
- ^ fintech (cointelegraph.com)
- ^ press release (www.businesswire.com)
- ^ website (www.tradetemplum.com)
- ^ Initial Coin Offerings (cointelegraph.com)
- ^ domestic payments mobile app using Ripple’s technology (cointelegraph.com)
- ^ launch (cointelegraph.com)
- ^ with Huobi (cointelegraph.com)
- ^ were postponed (cointelegraph.com)
- ^ expanded further into the crypto sphere (cointelegraph.com)
- ^ Taiwanese (cointelegraph.com)
- ^ hardware wallet (cointelegraph.com)
