According to Wu, SBI Holdings and SBI Shinsei Bank announced an investment of 50 million USD in Circle, the issuer of USDC. This investment is equally contributed by SBI Holdings and SBI Shinsei Bank, each providing 25 million USD. Previously, SBI signed a comprehensive business cooperation agreement with Circle and established a joint venture, Circle SBI Japan. SBI VC Trade has also become the first platform in Japan to publicly offer USDC. SBI stated that it will further cooperate with Circle to accelerate the integration of USDC into the Japanese financial system.
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According to Wu, SBI Holdings and SBI Shinsei Bank announced an investment of 50 million USD in Circle, the issuer of USDC. This investment is equally contributed by SBI Holdings and SBI Shinsei Bank, each providing 25 million USD. Previously, SBI signed a comprehensive business cooperation agreement with Circle and established a joint venture, Circle SBI Japan. SBI VC Trade has also become the first platform in Japan to publicly offer USDC. SBI stated that it will further cooperate with Circle to accelerate the integration of USDC into the Japanese financial system.