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Gaming Blockchain Oasys Announces Partnership With Japanese Conglomerate SBI Holdings

Gaming Blockchain Oasys Announces Partnership With Japanese Conglomerate SBI HoldingsOasys, a Web3 gaming-oriented blockchain project, announced a strategic partnership with SBI Holdings, one of the largest financial conglomerates in Japan. As part of this partnership, Oasys secured an undisclosed amount of funding to grow the liquidity of its token and expand the Oasys ecosystem. Yoshitaka Kitao, President and CEO of SBI Holdings, stated that […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

Oasys partners with financial giant to boost Web3 gaming in Japan

The partnership strengthens SBI’s position in the Web3 gaming sector while enhancing Oasys’ token liquidity.

SBI Holdings, one of Japan’s largest financial conglomerates, has partnered with Oasys, a blockchain platform designed specifically for Web3 gaming.

According to a press release shared with Cointelegraph, the partnership also includes a successful round of funding from SBI Holdings to improve the liquidity of the Web3 gaming platform’s native token.

Yoshitaka Kitao, representative director, chairman, president and CEO of SBI Holdings, stated that the firm would “endeavour to further expand the use cases for blockchain technology” through the partnership.

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Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

Ripple and SBI Digital Community Partner to Advance Web3 With XRP Ledger

Ripple and SBI Digital Community Partner to Advance Web3 With XRP LedgerSBI Digital Community Co. Ltd. has partnered with Ripple Labs Inc. to promote the use of the XRP Ledger in the Web3 space. The partnership will also involve issuing non-fungible tokens (NFTs) on the XRP Ledger and rewarding creators in XRP, aiming to enhance consumer experiences and make Web3 technologies more accessible. SBI Digital Community […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

SBI and Franklin Templeton Collaborate to Create Digital Asset Management Firm

SBI and Franklin Templeton Collaborate to Create Digital Asset Management FirmJapan’s SBI Holdings plans to create a new investment management company in collaboration with major U.S. asset manager Franklin Templeton by the end of the year. This joint venture will focus on managing digital assets. The new entity will be 51% owned by SBI Holdings and 49% by Franklin Templeton. This move aligns with the […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

Circle Partners With Investment Giant SBI Holdings Amid ‘Full-Scale Introduction of Stablecoins’ to Japan

Circle Partners With Investment Giant SBI Holdings Amid ‘Full-Scale Introduction of Stablecoins’ to Japan

Payments platform Circle is collaborating with a Japanese financial giant as the nation gears up for a full-scale introduction of stablecoins. In a new press release, Circle says that it will be partnering up with SBI Holdings as a means of introducing its stablecoin USDC and other web3 services into the Japanese market after the […]

The post Circle Partners With Investment Giant SBI Holdings Amid ‘Full-Scale Introduction of Stablecoins’ to Japan appeared first on The Daily Hodl.

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

Circle and SBI Holdings partner to boost USDC circulation in Japan

The agreement was made in a memorandum of understanding, but SBI Holdings must first register as an electronic payment instruments service provider in the country.

Circle, the stablecoin issuer behind USD Coin (USDC), is teaming up with Tokyo-based financial services firm SBI Holdings to boost the adoption of USDC and Web3 services in Japan.

Circle said it concluded a memorandum of understanding (MOU) with SBI Holdings on Nov. 27, which will underpin the strategic expansion of USDC into Japan.

It comes as the Japanese government revised the Payment Services Act in June to establish regulations for stablecoins, which Circle believes will “stimulate the issuance and circulation of stablecoins in Japan and advance Japan’s transition towards a Web3 economy.”

To initiate the circulation of USDC into Japan, SBI Holdings is seeking registration as an electronic payment instruments service, which is subject to approval by Japanese authorities.

SBI Holdings CEO and President Yoshitaka Kitao hopes it will be a step toward mass stablecoin adoption in the country.

"Japan is steadily preparing the groundwork for the full-scale introduction of stablecoins [and] we are very pleased to have signed a basic agreement for a comprehensive business alliance with Circle."

Circle's CEO Jeremy Allaire said the partnership "represents a shared vision for the future of digital currency" in Japan and Asia and is a "milestone" for Circle as part of its expansion plan into the region.

Related: Grab, Uber’s Southeast Asian rival, debuts Web3 services with Circle

"We are excited to collaborate with SBI towards setting new standards in the financial sector in Japan," said Allaire.

SBI Shinsei Bank will provide banking services to Circle to enable USDC access and liquidity for Japan-based businesses and users.

Magazine: HTX hacked again for $30M, 100K Koreans test CBDC, Binance 2.0: Asia Express

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

Japanese Gaming Company Gumi Partners With Square Enix and SBI Holdings to Strengthen Metaverse Pivot

Japanese Gaming Company Gumi Partners With Square Enix and SBI Holdings to Strengthen Metaverse PivotGumi, a Japanese mobile gaming company, has partnered with Square Enix and SBI Holdings to build new business opportunities around the metaverse. The deal, which also includes the issuance of new stock valued at $52.7 million dollars, will allow the company to acquire financial and content creation experience. Gumi Raises $52.7 Million in Metaverse-Driven Alliance […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

Leading Japanese Online Broker SBI to Pull Out of Russia’s Crypto Mining Sector

Leading Japanese Online Broker SBI to Pull Out of Russia’s Crypto Mining SectorSBI Holdings, the largest online brokerage in Japan, is shutting down its crypto mining business in the Russian Federation. Amid mounting uncertainty over the future of such investments due to the ongoing conflict in Ukraine, as well as decreased mining profits, the financial firm said it plans to sell its equipment and withdraw. Japan’s SBI […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

Financial Services Company SBI Group Launches Diversified Crypto Fund in Japan

Financial Services Company SBI Group Launches Diversified Crypto Fund in JapanSBI Group, the financial services company group based in Tokyo, Japan, has announced the launch of a crypto asset fund that consists of seven different digital currencies. The crypto fund launched by the Japanese company includes bitcoin, ethereum, xrp, litecoin, bitcoin cash, chainlink, and polkadot. SBI Group’s New Crypto Fund Leverages 7 Different Digital Assets […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start

Japan’s Financial Giant SBI to Launch Cryptocurrency Fund

Japan’s Financial Giant SBI to Launch Cryptocurrency FundJapanese financial conglomerate SBI Holdings is reportedly launching a crypto fund that will invest in several cryptocurrencies. “I want people to hold it together with other assets and experience firsthand how useful it can be for diversifying portfolios,” said an executive of the company. SBI Holdings Launching Crypto Fund SBI Holdings Inc. has revealed its […]

Latam Insights Encore: Brazil’s Stablecoin Remittance Tax Is Doomed From the Start