One of the most important financial services companies in Japan, SBI Holdings, has announced it is currently having talks with foreign financial firms with the plan to establish a crypto joint venture.
According to a report published by Reuters today, the venture has the goal of expanding the firm’s already existing crypto endeavors into a significant revenue stream.
Yoshitaka Kitao, the CEO and founder of SBI, commented that the company would “definitely” turn the venture into a core earner for SBI. He also mentioned that SBI is also taking into consideration large scale mergers and acquisitions.
Kitao said that there are at least two deals on the table regarding talks with possible joint-venture partners but refused to give any other details.
The plans were rushed as a result of crypto’s entrance into the financial mainstream:
The CEO went on to say that in order for the company to become “number one,” it would probably need to acquire a leading company or build alliances with other important global companies:
Sources: coindesk.com