Standard Chartered Bank and SBI Holdings partner to invest $100 million in crypto startups
SC Ventures, the investment department of Standard Chartered Bank, and Japanese financial group SBI Holdings have partnered to establish a cryptocurrency company worth $100 million in the United Arab Emirates. The two companies announced on Thursday that the company plans to invest in cryptocurrency in areas such as decentralized finance, tokenization, infrastructure, payments, and virtual worlds as a joint venture. Its goal is to invest globally, covering seed rounds to Series C financing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana’s New Inflation Overhaul Proposal Fails, Stakeholders Say Vote Signals Strong Community Engagement
A proposal to revamp Solana’s inflation system has been rejected by stakeholders, yet it is being celebrated as a milestone for the network’s governance.
Telegram Founder's Departure Triggers 67% Spike in Toncoin Trading
XRP Price Surges Against Ether, Fueling Speculation of Market Cap Flip
Trending news
MoreCrypto prices
More
