Two of the most prolific enterprise investors in blockchain and digital assets, Standard Chartered bank and Japan’s SBI Holdings, are collaborating on building a digital asset ecosystem.
Last month there was a formal announcement about a fintech collaboration between the bank’s Singapore subsidiary SC Ventures and SBI to work together to create ‘ecosystems’ of startups. The sectors included were internet technology, fintech, artificial intelligence and big data, blockchain and crypto-assets.
In an investor presentation today, SBI said the collaboration includes the UK group headquarters of Standard Chartered and would cover “BaaS-related (blockchain as a service) businesses and digital asset fields (DeFi, Metaverse, Web3.0, etc.) in Southeast Asia, the Middle East, and Africa.”
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