New York-based Digital Asset to help Japan’s financial giant SBI develop ‘smart yen’

SBI Holdings, a Japanese securities and banking giant that launched a crypto-asset fund for retail investors last year, has been actively investing in the infrastructure that will allow it to roll out more crypto products.
The firm has recently made a strategic investment in Digital Asset, a New York-based startup known for building enterprise blockchain solutions, it said in an announcement. As part of the deal, the pair are launching a joint venture this year to operate across East Asia, which includes Japan and South Korea.
The undisclosed round adds to the $300 million in funding that Dig

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