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SBI Holdings Planning For Joint Crypto Ventures.
2021-02-15 | Selina Mathew
“To become the leading within the world, our choice is purchasing a number one company or creating an alliance with leading global firms [...] Our M&A strategy won't be something like taking minority stakes in many companies.”SBI’s plans on the upcoming global cryptocurrency venture were apparently pushed by major financial institutions like Tesla as well as Mastercard announcing their cryptocurrency-related plans last week.
“Institutional investors, mainly hedge funds, have recently started investing in crypto assets [...] Not just institutional investors but also Elon Musk has,” Kitao explained.Earlier in December last year, SBI revealed a joint cryptocurrency-related venture with Switzerland’s principal stock market, SIX Swiss Exchange. As a part of the initiative, SIX Digital Exchange along with SBI’s crypto arm SBI Digital Asset Holdings were launching a new crypto platform in Singapore.
