Japanese Finance Giant SBI Invests In Regulated ICO Platform Templum

Published on by Cointele | Published on

Japanese financial services giant SBI Holdings has invested in fintech company Templum, which focuses on offering regulated securities token offerings, according to a press release published yesterday, April 25.

SBI Holding's investment concluded a $10 mln fundraising round, which Templum reportedly will use to bring in institutional and accredited investors.

SBI Holding did not disclose the exact amount they invested.

Templum's website describes the company as providing "Regulatory compliant solutions for Tokenized Asset Offerings and subsequent secondary trading."

The Japanese finance company is currently leading a 61-bank consortium working on a domestic payments mobile app using Ripple's technology.

SBI had previously announced a plan last fall to launch its own cryptocurrency exchange with Huobi, but the plans were postponed in early March in order to first improve security.

SBI Holdings expanded further into the crypto sphere by buying 40 percent of Taiwanese cryptocurrency hardware wallet company CoolBitX..

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