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Japanese financial services group SBI Holdings (SBIHD) has formed separate partnerships with the Swiss stock exchange and Sygnum bank. Both projects marry Swiss and Asian expertise in emerging financial technologies, such as blockchain-inspired crypto assets.
SBI Digital Asset, a subsidiary of SBIHD, recently announced a joint venture with the Swiss Digital Exchange (SDX) to create a digital assets trading platform in Singapore (https://www.swissinfo.ch/eng/swiss-digital-stock-exchange-branches-out-into-singapore/46210156). The Japanese group is also setting up an investment fund with Swiss digital assets bank Sygnum. The fund hopes to raise of up to $75 million (CHF67 million) and will focus on distributed ledger technology (DLT) infrastructure, decentralised finance and regtech in Europe and Asia.
SBIDH president Yoshitaka Kitao speaks to SWI swissinfo.ch about how Switzerland is a fertile breeding ground for disruptive financial innovation.
https://www.swissinfo.ch/eng/building-a-digital-assets-corridor-between-switzerland--japan-and-singapore/46283590
