SBI Holdings: Advancing its on-chain transformation, building end-to-end services for a “token economy”

Deep Tide TechFlow message. On July 13, according to The Block, Japan’s financial group SBI Holdings has recently made a flurry of moves, completing multiple major crypto investments in succession: it made an exclusive investment of $125 million in Gauntlet’s Series C, invested $76 million in EDX Markets’ Series C round, spent approximately $289 million to acquire the Japanese crypto exchange Bitbank, and took an equity stake in Singapore exchange Coinhako. In addition, SBI also participated in Digital Asset’s $355 million financing, Morpho’s $175 million token round, and Circle’s $222 million token presale, and launched Japan’s first yen stablecoin supported by a trust bank, JPYSC.

SBI said it is driving the group’s overall on-chain transformation, with the goal of providing end-to-end services across key areas such as exchanges, asset tokenization, and market platforms, to move early into the upcoming “token economy” era. Analysts noted that SBI is building Asia’s first large-scale on-chain asset management business, and its strategic core is not to purchase crypto exposure, but to control the infrastructure of the next-generation financial system.

On the regulatory front, Japan’s parliament is advancing legislation to bring crypto assets under regulated financial instruments, and plans to reduce the capital gains tax on crypto assets from 55% to 20% in 2028, bringing it in line with stocks and bonds, to provide policy support for institutional participation.