SBI Holdings backs several crypto players, steps up groupwide shift to on-chain services
AI Market Summary
SBI Holdings' multi-billion-dollar investments across crypto infrastructure (Circle, Digital Asset, EDX Markets, Morpho, Bitbank, Coinhako, Gauntlet) and the launch of yen stablecoin JPYSC signal accelerated institutional adoption and onchain financial services integration in Japan. Parallel legislative progress to treat crypto as regulated financial instruments and lower capital gains taxes improves policy clarity and after-tax returns, potentially boosting liquidity, issuance, and DeFi usage.
Impact level
● High
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▲ Bullish
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SBI Holdings has poured fresh capital into a slate of crypto and blockchain companies, underscoring its push to accelerate an on-chain overhaul across the group. The Block reported that SBI invested $1.25 billion in Gauntlet, $760 million in EDX Markets, $2.89 billion in Bitbank and Coinhako, $3.55 billion in Digital Asset, $1.75 billion in Morpho, and $2.22 billion in Circle. The firm has also launched a Japanese yen stablecoin, JPYSC.
SBI said the effort is geared toward building end-to-end capabilities spanning exchanges, asset tokenization and market platforms.
On the policy front, Japan's parliament is moving forward with legislation that would classify cryptocurrencies as regulated financial instruments. Lawmakers are also considering cutting the capital gains tax on crypto assets to 20% by 2028.
