- SC Ventures, the innovation and ventures unit of Standard Chartered, has partnered with Japan’s SBI Holdings to create a new investment firm focused on digital assets.
- With an initial capital injection of $100 million, the joint venture aims to drive the global digital assets sector by investing in companies at various stages of development.
- The firm will target companies involved in market infrastructure, risk management tools, DeFi platforms, tokenization services, consumer payment solutions, and Metaverse-related technologies.
- The CEO of SC Ventures highlighted the UAE’s advantages as a fintech hub, including its regulatory framework and talented professionals.
- This move follows SC Ventures’ previous collaboration with the Dubai International Financial Centre and is expected to leverage their experience and investments in digital assets.
- The Representative Director of SBI Holdings expressed optimism about the venture’s potential in the digital asset market.
SC Ventures and SBI Holdings have teamed up to establish a digital asset firm worth $100 million in the UAE
