ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

SBI links to China's Huobi for virtual-currency launch

Japanese group eyes secure trading system for platform opening next year

TOKYO -- SBI Holdings is forging a capital tie-up with cryptocurrency trading platform Huobi to tap the Chinese company's expertise in exchange systems and operational know-how as it prepares to launch its own bourse early next year.

Huobi will take a 30% stake in SBI Virtual Currencies, a unit of the Japanese group, while SBI will purchase 30% and 10% interests in the Chinese partner's Japanese and South Korean subsidiaries, respectively.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more