Japanese Finance Giant SBI Invests In Regulated ICO Platform Templum
As part of another step into the crypto space, Japan’s SBI Holdings announces an investment in regulated ICO platform Templum
Japanese financial services giant SBI Holdings has invested in fintech company Templum, which focuses on offering regulated securities token offerings, according to a press release published yesterday, April 25.
SBI Holding’s investment concluded a $10 mln fundraising round, which Templum reportedly will use to bring in institutional and accredited investors. SBI Holding did not disclose the exact amount they invested.
The Japanese finance company is currently leading a 61-bank consortium working on a domestic payments mobile app using Ripple’s technology.