yesterday Cboe Global Markets announced that it has signed an agreement with Japan’s SBI to explore business collaboration across traditional financial products and digital assets. The companies may enter into a joint venture, subject to regulatory approval.
Both organizations have strong interests in both traditional securities markets and digital assets, so there is plenty of room for collaboration. The two companies said they would consider expanding his Cboe Japan’s reach in the stock market, with SBI expanding its global distribution network for stocks and digital assets.
one year ago, CBOE Acquires ErisX, a cryptocurrency spot market, and a CFTC regulated futures exchange and clearinghouse. In August of this year, the company announced plans to rename his ErisX to Cboe Digital. He outlined a long list of potential investors, including SBI’s B2C2, DRW, Interactive Brokers, Jane Street, Jump Crypto, Robinhood and Virtu Financial.
Ed Tilly, Chairman and CEO of Cboe Global Markets, said Cboe Digital will “provide client-driven solutions to help financial institutions fully embrace this new asset class, providing products and services to SBI. We will provide an opportunity to grow our global network for in the digital asset space. ”
In late 2020, SBI acquired institutional cryptocurrency market maker B2C2It also owns Japanese cryptocurrency exchange, NFT Marketplace and leading Bitcoin miner SBI Crypto.
SBI has a joint venture with the SIX Group in Singapore. Asia NextIt plans to launch both institutional crypto trading and a secondary market for tokenized securities.
SBI in June Osaka Digital Exchange (ODX) provides an after-hours private trading system for securities listed on the Tokyo Stock Exchange. Next year, ODX also plans to create a secondary market for security tokens.
moreover, SBI Digital Asset Holdings offers a wide range of services including advisory, tokenization and custody.
SBI has something like that wide range These are just a few of our major initiatives.
Besides digital assets, Cboe also has the Cboe Japan stock market, and SBI manages Japannext, the largest private exchange in Japan.