May 17, 2024
SBI Holdings Co., Ltd.
SBI Holdings Co., Ltd. (Headquarters: Minato-ku, Tokyo; Chairman and CEO: Yoshitaka Kitao; hereinafter “the Company”) provides blockchain nodes to Web3 companies through the SBI-Sygnum (Signum) -Azimut (Azimut) Digital Asset Opportunity Fund (location: Singapore; hereinafter “this fund”) operated by the Group. We are pleased to announce that we have invested in Ltd. (Headquarters: Singapore; CEO: Jan-Jaap Jager; hereinafter “Chainstack”).
Chainstack, which was established in Singapore in 2019, provides blockchain node services to Web3 companies as one of the world's leading Web3 infrastructure providers, and also provides various dedicated tools for developers. The services developed by Chainstack are basic for the introduction of blockchain technology, and are characterized by handling a wide range of blockchain protocols and high cost performance. Going forward, we will further strengthen our position as a leader in the blockchain infrastructure market and open up the future of blockchain technology by improving usability, improving system efficiency through process automation, and optimizing operation costs.
This fund utilizes deep expertise across digital assets, financial services, and fintech provided by both the Group and Sygnum Bank Group, which are pioneers in the digital asset field, and the networks of both companies spanning Asia and Europe, and SBI Ven Capital Pte, which is a subsidiary of both companies. Ltd. (HQ: Singapore; Representative: Hayashi Ryosuke) and Sygnum Pte. Ltd. (headquarters: Singapore, representative: Gerald Goh) is jointly managing and making venture investments in Southeast Asia and Europe.
Starting with investments in US Ripple in 2016 and US R3 in 2017, our group has been actively focusing on sowing seeds in the blockchain and crypto asset area from an early stage. The Group is convinced of the large future potential of Web3 in the future, and will continue to lead the practical application of Web3 and open up the near future of the financial industry.
◆About the SBI-Sygnum-Azimut Digital Asset Opportunity Fund
The fund will be formed in Singapore in 2021 and will invest in promising early-stage startup companies mainly possessing innovative technologies related to crypto assets, decentralized ledger technology (DLT) infrastructure, decentralized finance, and regulation tech, mainly in Southeast Asia and Europe. We will support the growth of promising digital asset-related companies by utilizing the knowledge and ecosystems of our company, Swiss Sygnum Bank, and the Italian Azimut Group in the rapidly growing digital asset industry.
◆About the SBI Group
The SBI Group, founded in 1999, is an internet comprehensive financial group that operates a financial services business that provides products and services at lower prices and higher convenience through the internet, mainly in the securities, banking, and insurance fields, and also develops asset management businesses, investment businesses, crypto asset businesses, and next-generation businesses globally.
In the investment business, in addition to having a track record of investing in world-famous DLT companies such as Ripple and R3 in the US, we also have an investment balance of 801.8 billion yen as of the end of 2024/3, and we have a track record of supporting the growth and success of venture companies in the Asian financial and technology industry. SBI Ven Capital, a subsidiary, is an asset management company approved by the Monetary Authority of Singapore (Monetary Authority of Singapore), and since its establishment in 2007, it has mainly invested in Southeast Asian and South Asian companies, and has managed assets of 940 million US dollars as of the end of 2024/3.
◆About Sygnum Bank Group
The Sygnum Bank Group is a digital asset specialist that began operations as a digital asset bank that was granted a bank license by the Swiss Financial Market Supervisory Authority (Swiss Financial Market Supervisory Authority) in 2019, and also works as an asset management company approved by the authorities in Singapore. It has also played an important role in launching numerous digital asset-related ventures in Switzerland in recent years.
◆About the Azimut Group
The Azimut Group is one of Europe's leading asset management companies, founded in 1989, and Azimut Holdings has been listed on the Italian Stock Exchange since 2004. We have offices around the world to manage and sell financial products.
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