UAE - Standard Chartered SBI Holdings Team Up For $100M UAE Digital Asset Joint Venture | Benzinga
SC Ventures, the venture capital arm of Standard Chartered, is partnering with Japanese conglomerate SBI Holdings to establish a digital asset joint venture investment company in the United Arab Emirates (UAE).
The joint venture, which will be capitalized with $100 million, aims to invest in companies across the digital asset spectrum, including market infrastructure, risk and compliance tools, DeFi, tokenization, consumer payments, and the Metaverse.
This development comes just in time for the upcoming Future of Digital Assets conference hosted by Benzinga on Nov. 14, where discussions about digital asset investments and the future of cryptocurrencies are expected to take center stage. The new joint venture aligns with the themes of the conference, further emphasizing the growing ...