The SBI Holdings partnership includes a successful fundraising round to boost liquidity for Oasys’s native token.
SBI Holdings, Inc., which is one of the largest financial conglomerates in Japan, has formed a partnership with Oasys, which is a blockchain platform that was developed exclusively for Web3 software gaming.
Oasys Partners With SBI Holdings
The cooperation also involves a successful round of fundraising from SBI Holdings. The funding round aimed to increase the liquidity of the Web3 gaming platform’s native token.
SBI Holdings’ representative director, chairman, president, and chief executive officer, Yoshitaka Kitao, claimed that the company would “endeavor to further expand the use cases for blockchain technology” as a result of the agreement.
“Oasys is a highly promising project as a blockchain from Japan specifically designed for use in gaming. From its inception, it has included several globally renowned major game development companies as initial validators.”
As a validator, the blockchain platform has collaborated with several notable gaming companies to develop blockchain games scheduled for release later this year. The Web3 gaming platform previously linked both SBI VC Trade and the SBINFT Market, indicating that the two organizations are developing a significant strategic partnership.
Tomohiko Kondo, representative director and CEO of SBI VC Trade, indicated that the blockchain platform is one of Japan’s “most anticipated” Web3 projects:
“SBI has invested in double jump.tokyo, the primary developer of the Oasys chain, creating a strong potential for synergy.”
According to Kondo, who participated in the question-and-answer session, the conglomerate is now “aligned” with interests that benefit both entities because “more and more games are launching on Oasys.”
“We believe supporting Oasys will leverage the growth of the Web3 industry in Japan.”
According to Kondo, the company’s objective is to “accelerate Oasys’s expansion” through “tight collaboration between Oasys and “the numerous group firms and roles within the SBI Group.
SBI Holdings partners with Frank Templeton
“Establishing a cryptocurrency exchange-traded fund (ETF) management company was a partnership between SBI Holdings and Frank Templeton, which is one of the largest asset management organizations in the world. SBI Holdings announced this partnership on July 26.
The organizations signed a Memorandum of Understanding (MoU) to ratify the joint venture. This MoU established the new Japanese asset management firm with the intention of providing investment opportunities to a “new generation of investors.”
Jenny Johnson, the president and chief executive officer of Franklin Templeton noted that the “extensive reach” of SBI was a good fit with Templeton’s dedication to helping business owners and investors.
