Japanese financial giant SBI Holdings has made an undisclosed investment in Oasys, a blockchain network focused on web3 gaming, with the aim of boosting the liquidity of its native token.
According to a press release from the Oasys team, the funding will help it provide support for multiple projects and stakeholders that have joined its platform as validators and collaborators. They also noted that it will help facilitate the development of the
“numerous blockchain games that are scheduled for release later in 2024.”
Yoshitaka Kitao, representative director, chairman, president, and CEO of SBI Holdings, emphasized that
“Oasys is a highly promising project”,
and his firm is committed to “expanding the use cases for blockchain technology” through this collaboration.
Oasys had previously partnered with SBI Group on several initiatives, including listing OAS tokens on SBI VC Trade in May 2023 and integrating with the SBINFT Market. This new partnership and funding are expected to speed up the growth of the Oasys ecosystem, strengthening connections with content and game tokens on the blockchain.
Ryo Matsubara, Representative Director of Oasys, emphasized the importance of securing adequate funding and liquidity for their upcoming game releases. He stated,
“Partnering with SBI Group is crucial for our success and growth. As a leading venture capital firm in the U.S. and a major player in the Chinese exchange market, SBI Holdings is perfectly positioned to support Oasys, given its prominence as one of Japan’s largest financial conglomerates.”
Notably, SBI Holdings has been aggressively expanding its foothold in the Japanese crypto industry. It recently partnered with asset management giant Franklin Templeton to establish a cryptocurrency exchange-traded fund (ETF) management company. The two firms signed a Memorandum of Understanding (MoU) on July 26, with SBI Group holding a 51% stake and Franklin Templeton owning 49%. This joint venture could pave the way for crypto ETFs in Japan, though the country’s Financial Services Agency has yet to approve such financial products.
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