Search results for SBI Group
Crypto
SBI Shinsei Bank to launch cryptocurrency reward program
SBI Shinsei Bank, part of Japan\'s SBI Group, plans to launch a cryptocurrency rewards programme for deposit customers this autumn, The Block reported, citing Nikkei. Depositors will receive vouchers equal to 20 percent of interest payments, which can be exchanged for cryptocurrencies including bitcoin, ether and XRP. Customers must open an account with SBI VC Trade. The bank will run a three-month pilot from June 10.
Crypto
Morpho raises $175 million for on-chain lending protocol
On-chain lending protocol Morpho raised $175 million in a funding round co-led by Paradigm, a16z Crypto and Ribbit Capital, The Block reported. Apollo Fund, Circle Ventures, VanEck, Ledger Cathay, Wintermute Ventures, SBI Group and France\'s state investment bank also participated. The investment was structured as token purchases. Morpho said it offers a blockchain-based lending market where users can create lending pools by setting their own risk parameters.
Crypto
Japan\'s SBI pushes bitcoin, XRP spot ETFs, eyes Tokyo Stock Exchange listing
Japan\'s financial firm SBI Holdings is pushing to launch exchange-traded funds holding bitcoin and XRP, aiming for a Tokyo Stock Exchange listing. It has outlined a “SBI Bitcoin/XRP ETF” in investor materials and also proposed a trust that allocates at least 51 percent to a physical gold ETF and up to 49 percent to crypto ETFs. The move comes as Japan revises rules to classify cryptocurrencies as financial products and tighten oversight.
