Today Standard Chartered’s SC Ventures and Japan’s SBI Holdings announced a Digital Asset Joint Venture in the UAE, with $100 million to invest in ventures.
“Our Digital Asset Joint Venture plans to make strategic and minority investments in areas such as market infrastructure, risk management and compliance tools, DeFi, tokenisation, consumer payments, and the Metaverse,” said Alex Manson, CEO, SC Ventures. “This is one of several strategic initiatives and we will continue to invest and expand our footprint in the region as well as across the digital assets ecosystem.”
Although based in the UAE, the target is global investments from seed to Series C.
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