SBI Group in cooperation with Boerse Stuttgart Group will focus on the digital asset business adoption in Asia, the official press release states.
Both companies will work together on "a truly global end-to-end ecosystem for digital assets, utilizing blockchain technology."
SBI will reportedly invest in Boerse Stuttgart Digital Exchange and plans to invest in Boerse Stuttgart Digital Ventures.
President and Representative Director of SBI Holdings Yoshitaka Kitao claims that Given that the company will fully make use of the collaboration with Boerse Stuttgart Group, to well-establish the actual demands of the digital asset throughout the world.
"Given that the digital asset has the characteristic of decentralized value, the highest priority upon establishing our digital asset ecosystem is to find trustable financial partners globally," Yoshitaka added.
Earlier iHodl reported that one of the biggest market infrastructure providers all over the world, Deutsche Börse Group, entered into a partnership with Swiss company Swisscom and Singapore-based fintech startup Sygnum to build a trusted digital ecosystem.
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