Latest news with #SBIHoldings
9 minutes ago
- Business
SBI Holdings Seen Investing in Tohoku Bank
News from Japan Aug 20, 2025 08:44 (JST) Tokyo, Aug. 20 (Jiji Press)--Major Japanese online financial service group SBI Holdings Inc. is in talks on forming a capital and business tie-up with Tohoku Bank, which is mainly operating in Iwate Prefecture, part of the Tohoku northeastern Japan region, it has been learned. SBI Holdings is expected to acquire an equity stake of about 3 pct in the bank, which is listed on the Standard section of the Tokyo Stock Exchange, informed sources said. This would mark SBI Holdings' first investment in a regional bank since 2022, when it bought shares in Taiko Bank, based in the city of Nagaoka, Niigata Prefecture, central Japan. Tohoku Bank would be the 10th regional bank to receive investment from SBI Holdings, listed on the TSE's top-tier Prime section. SBI Holdings aims to accelerate its partnerships with regional banks while placing Tokyo-based subsidiary SBI Shinsei Bank at the center of its "fourth megabank" initiative. [Copyright The Jiji Press, Ltd.] Jiji Press
Yahoo
07-08-2025
- Business
- Yahoo
XRP Pushes Through $3 as Ripple-SEC Appeal Decision Looms
XRP rose 3% in the 24 hours through August 7, advancing from $2.91 to as high as $3.02 before closing at $2.98. The move broke through multiple short-term resistance levels and coincided with high-volume buying activity, particularly on Korean exchanges. Technical momentum aligns with key macro developments: the U.S. Securities and Exchange Commission is set to deliberate on Ripple's appeal withdrawal, while Japan's SBI Holdings has filed for a Bitcoin-XRP ETF. News Background The SEC is expected to deliberate Ripple's decision to withdraw its appeal at 03:00 UTC on August 7, ahead of a broader ruling expected by mid-month. The hearing could lock in XRP's non-security status under U.S. law—an outcome that removes a longstanding regulatory overhang. Meanwhile, SBI Holdings' ETF application highlights international institutional interest, with treasury diversification efforts gaining momentum from corporates reportedly pledging up to $1 billion in XRP purchases. Price Action Summary XRP traded in a 24-hour range between $2.91 and $3.02, a 3.7% band. The strongest upward movement occurred between 15:00 and 16:00 UTC as the token surged from $2.95 to $3.02, propelled by buying volumes exceeding 110 million tokens, or three times the daily average. The bulk of this flow originated from Upbit, which processed over $95 million in XRP trades. The asset later consolidated between $2.98 and $3.00 into the session close. Technical Analysis XRP broke through resistances at $2.87, $2.92, and $2.97 during the rally. The final hour showed a failed attempt to breach $3.02, with a reversal back to $2.98 as volume spiked to 2.11 million in a 10-minute window. The $2.98 level is now acting as short-term support. If bulls defend this zone, upside targets remain at $3.05 and $3.14, with $3.25 in view should ETF approval or SEC commentary turn favorable. What Traders Are Watching The SEC's 03:00 UTC session and whether Ripple's appeal withdrawal gets formalized Follow-through from SBI's ETF filing and potential inflows Price reaction to $3.05 if XRP re-tests local highs on Upbit and Binance volume trends as indicators of retail and institutional engagement Any near-term regulatory commentary ahead of August 15 XRP legal status review Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-08-2025
- Business
- Yahoo
SBI Files for Bitcoin–XRP ETF in Japan, Pushing Dual Crypto Exposure Into Regulated Markets
SBI Holdings has filed for a dual-asset crypto ETF offering direct exposure to both bitcoin (BTC) and XRP (XRP), in a rare instance where XRP is formally bundled with BTC in an institutional-grade product. Revealed in the firm's Q2 2025 earnings report, the 'Crypto-Assets ETF' is structured to track the performance of both assets simultaneously, providing a single-entry point for investors seeking crypto exposure. Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA American Hartford Gold: #1 Precious Metals Dealer in the Nation A second product, the Digital Gold Crypto ETF, adds further depth by allocating over 50% of its capital to gold ETFs, while combining the remainder across gold-backed cryptocurrencies. That hybrid construction is aimed at risk-sensitive investors looking to blend crypto upside with commodity stability. No formal approval has been granted yet, but, if cleared, these would become Japan's first ETFs to include XRP — a top-three token still absent from major institutional products in the U.S. due to regulatory overhang in the in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Entrepreneur
03-07-2025
- Business
- Entrepreneur
Fueling the Next Wave: SC Ventures Backs UAE's Tech Ecosystem
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. As the UAE strengthens its status as a global financial innovation hub, SC Ventures, the forward-looking innovation and venture capital arm of Standard Chartered Bank, has made a strategic move: launching an office in its capital, at Abu Dhabi Global Market's Hub71. "One year ago we set up our office in Dubai and Abu Dhabi and we are committed to contributing to and investing in the vibrant regional tech ecosystem – all while supporting UAE's National Vision," says veteran fintech strategist Gautam Jain. Jain serves as the SC Ventures lead for the ADGM licensed office in Abu Dhabi located in Hub71. He also leads SC Ventures and SBI Holdings' Digital Asset Joint Venture investment company established in the UAE that is aimed at tapping into the UAE's momentum on digital assets. In particular, the joint venture will focus on developing market infrastructure, risk and compliance, DeFi, and tokenization use cases. "Notably, the US$100 million Global Digital Asset Holdings JV with SBI has made strategic investments in Twinstake, HiddenRoad, and WalletConnect reinforcing SC Ventures' commitment to regulated digital asset innovation in the GCC," Jain says. As a global venture builder backed by Standard Chartered Bank, SC Ventures has already incubated 30 ventures, made more than 20 minority investments, attracted 20 co-investors in its ventures, served 662,000 individual and SME customers, and more than 200 institutional and multinational corporation clients. "SC Ventures is rewiring the DNA in banking and financial services to redefine banking's relationship with society," Jain explains. "We build and scale breakthrough ventures in and beyond banking." In the UAE, Jain explains, SC Ventures will make minority investments or build ventures under our three high-conviction themes: digital assets, digital banking and lifestyle, and trade and supply chains. The potential, Jain adds, is huge as he expects that the digital assets market cap will continue its growth trajectory, with tokenized assets alone growing to US$16 trillion by 2030. "When it comes to the digital banking and lifestyle vertical, we see that the demand for banking and wealth solutions is increasing with global financial wealth up 7% and US$18 trillion wealth transfer due by 2030," Jain says. "Lastly, for the trade and supply chains vertical, we see a potential GDP growth of at least US$2.5 trillion if trade financing frictions are addressed, particularly impacting SMEs who represent >50% of OECD GDP but remain underserved." In achieving its goals, SC Ventures relies on a unique combination of its institution-grade processes and new technologies to build, commercialize and scale ventures that can succeed in regulated environments. "We typically build ventures when no existing solutions are available to meet client needs," Jain explains. "Plus, we invest in existing solutions that can enhance the way financial services are delivered. Entrepreneurs can see problem statements on our Fintech Bridge, our platform that serves as a directory for fintech companies and clients and matches connecting relevant solutions to challenges. Fintech Bridge also serves as a real-time dashboard, allowing fintech companies to identify challenges shared in real time, enabling them to review their strategy or even update their solutions." Its operating model is backed by a proven venture-building model and fund investment experience refined since 2018, unique sourcing of original ideas through client co-creation, innovation platforms and intrapreneurship, and a strong network of business builders, operators, investors, and advisors across tech, regulation, and banking. "At SC Ventures we don't just invest, we co-design products and run lean incubators," Jain says. "Rather than passively holding equity, SC Ventures acts as the nexus between Standard Chartered Bank network, other financial institutions, regulators and tech innovators. For example, we have recently facilitated and signed partnerships with Visa, Lulu Financial & 7X for one of our SME led ventures. In summary, we bundle capital, compliance expertise, and distribution, really supporting ventures accelerating time-to-market and growth. We also ensure that our ventures like appro, a digitized client onboarding platform (one of UAE's top 100 startups) and myZoi, our award-winning financial inclusion and financial literacy platform, are scaling rapidly and sustainably." Its impact is evident through its partnerships in the region- during the 2025 Dubai Fintech Summit in Dubai, SC Ventures announced a partnership with the Dubai International Financial Centre (DIFC) to launch the National Venture Building Program. "As part of this collaboration, SC Ventures will be providing its Venture Building as a Service model to equip DIFC Innovation Hub with the tools, expertise, and frameworks required to operate and scale the initiative nationally," Jain says. "We've also signed a memorandum of understanding with Emirates NBD to collectively power innovation in MENA, including potential co-creation and co-investment opportunities."
Japan Times
25-06-2025
- Business
- Japan Times
SBI to fully repay public funds next month
SBI Holdings will complete on July 31 repaying public funds poured into its banking unit, the Japanese financial group said Wednesday, marking the end to the aftermath of a financial crisis triggered by the bursting in the early 1990s of the asset-inflated economic bubble in Japan. Although a specific plan to repay the ¥230 billion funds that Shinsei SBI Bank has not already paid back to the government is still under discussion, the parent firm is expected to purchase the bank's preferred shares held by government-affiliated Deposit Insurance of Japan and its Resolution and Collection arm, people familiar with the matter said. To raise funds for the share purchase, SBI Holdings is considering allotting new shares worth some ¥110 billion to Nippon Telegraph and Telephone and issuing ¥170 billion in corporate bonds, they added. The bank, which took public money to write off soured loans like other banks in the country, was initially set to end its debt repayment within several years from now. But the holding firm has decided to bring forward the repayment schedule. SBI Holdings is also expected to apply next month for SBI Shinsei Bank's relisting on the Tokyo Stock Exchange so the bank, by the end of the year, can go public for a third time since it was called the Long-Term Credit Bank of Japan, which went bust in 1998.
