Boerse Stuttgart Group recently announced that it and SBI Group will establish a partnership in Europe and Asia, including Japan, in the digital asset business. The duo will notably collaborate in order to create a truly global end-to-end ecosystem for digital assets, utilizing blockchain technology. SBI Holdings, Inc. will reportedly invest in Boerse Stuttgart Digital Exchange GmbH and plans to invest in Boerse Stuttgart Digital Ventures GmbH as part of the partnership.
Speaking about the new partnership, Yoshitaka Kitao, President and Representative Director of SBI Holdings stated:
“Given that the digital asset has the characteristic of decentralized value, the highest priority upon establishing our digital asset ecosystem is to find trustable financial partners globally. The SBI Group, including its crypto-asset trading platform and other related business operating companies, will fully make use of the collaboration with Boerse Stuttgart Group, to well-establish the actual demands of the digital asset throughout the world.”
Alexander Höptner, Chairman of the Management Board of Boerse Stuttgart GmbH, also commented:
“Asia and Europe are the fastest growing markets for digital assets at the moment. With the SBI Group, we have found an ideal partner to push forward our vision of a highly efficient, global ecosystem along the value chain of digital assets. Besides the exchange of knowledge and technology, possible fields of collaboration include the cross issuance and listing of digital assets, trading and brokerage as well as the creation of the first global custody bridge.”
Boerse Stuttgart went on to add that SBI Group began to establish its digital asset ecosystem from early 2016. Recently SBI SECURITIES and 5 other Japanese brokerage firms established the Japan Security Token Offering (STO) Association, as of October 1, 2019,
