SBI and Boerse Stuttgart Group to Form a “Global Ecosystem of Digital Assets”
Japanese financial corporation SBI Holdings on Friday announced its intention to invest in two divisions of the Stuttgart Stock Exchange (Börse Stuttgart) focused on working with digital assets.
According to the statement of the two companies, they will form cooperation in the markets of Europe and Asia, including Japan, with the goal of creating a “global full-scale ecosystem of digital assets using blockchain technology.”
“Asia and Europe are the fastest-growing markets for digital assets at the moment. With the SBI Group, we have found an ideal partner to push forward our vision of a highly efficient, global ecosystem along the value chain of digital assets,” said Alexander Höptner, chairman of the management board of Boerse Stuttgart GmbH, adding:
“Besides the exchange of knowledge and technology, possible fields of collaboration include the cross issuance and listing of digital assets, trading and brokerage as well as the creation of the first global custody bridge.”
SBI has been operating in the digital asset space since 2016 and previously launched its own trading platform VC Trade. In addition, the company collaborates with Ripple on a blockchain-based payment application project for residents of Japan.
Commenting on today’s announcement, SBI Holdings President Yoshitaka Kitao said:
“The SBI Group, including its crypto-asset trading platform and other related business operating companies, will fully make use of the collaboration with Boerse Stuttgart Group, to well-establish the actual demands of the digital asset throughout the world.”
Author: Marko Vidrih