Saudi Aramco, the largest oil and gas company by market cap, has partnered with SBI Holdings, a financial services group in Japan, to explore a potential collaboration for investing in digital assets. SBI also contemplates the launch of a subsidiary in the Middle East to expand its influence in the region.
Oil Colossus Saudi Aramco Mulls Investing in Digital Assets
Saudi Aramco, the largest oil and gas company, might be on the brink of investing in digital assets. The company, which has a market capitalization of over $2 trillion, has signed a memorandum of understanding (MOU) with SBI Holdings, a financial services company in Japan, to explore a collaboration in various fields of investment, including digital assets.
The MOU establishes that both companies will collaborate “in the field of digital assets and co-investments leveraging both parties’ investment portfolios related to digital assets.” SBI has an extensive investment in companies that use digital assets in their busin
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