Standard Chartered’s ventures arm, SC Ventures, and Japanese conglomerate SBI Holdings are collaborating to establish a digital asset joint venture in the United Arab Emirates (UAE). “The joint venture will focus on investing in companies across the digital assets spectrum including market infrastructure, risk and compliance tools, defi, tokenization, consumer payments, and the metaverse,” SC Ventures described.
SC Ventures Collaborates With SBI Holdings
SC Ventures, Standard Chartered’s ventures arm, announced Thursday that it is partnering with SBI Holdings, a Japanese financial conglomerate, to “establish a Digital Asset Joint Venture investment company in the United Arab Emirates (UAE).”
Noting that the two companies “intend to capitalize the vehicle with $100 million,” the announcement details:
The joint venture will focus on investing in companies across the digital assets spectrum including market infrastructure, risk and compliance tools, defi, tokenization, con
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