SBI Holdings, Boerse Stuttgart Partner To Create Global Ecosystem For Digital Assets

Blockchain, Investing, News | December 27, 2019 By:

Japanese financial firm SBI Holdings will be investing in crypto-related subsidiaries of Boerse Stuttgart, which operates the second-largest stock exchange in Germany.

SBI Group is a financial services company group based in Tokyo, Japan. The group’s businesses and companies are held primarily at SBI Holdings. SBI has begun to establish its digital asset ecosystem from the early 2016. Recently, SBI SECURITIES and five other Japanese brokerage firms established the Japan Security Token Offering (STO) Association, chaired by Yoshitaka Kitao. The group has also supported the launch of the first Japan-Vietnam money transfer service using blockchain technology, in partnership with blockchain firm Ripple, as announced in November of this year.

In a press release, SBI Holdings stated that it will invest in Boerse Stuttgart Digital Exchange GmbH, the technical operator of Boerse Stuttgart Digital Exchange (BSDEX), Germany’s first regulated trading venue for digital assets, and plans to invest in Boerse Stuttgart Digital Ventures GmbH, which leads the digitization strategy of Boerse Stuttgart Group.

“Given that the digital asset has the characteristic of decentralized value, the highest priority upon establishing our digital asset ecosystem is to find trustable financial partners globally,” said Yoshitaka Kitao, President and Representative Director of SBI Holdings. “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.”

SBI Group and Boerse Stuttgart Group will partner in Europe and Asia in the digital asset business. The two companies will work together to create a truly global end-to-end ecosystem for digital assets, utilizing 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. “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.”