SBI Holdings, the financial services division of the Japanese SBI Group, announced its intention to go deeper into the world of blockchain and build a "new financial ecosystem based on cryptocurrencies". This is stated in the company's new financial report and reported by the CoinDesk.
These steps also include collaborative research with partners in order to collect "systematic knowledge" about blocking technologies.
In order to "solve problems" on cryptomarket, SBI Holdings plans not only to buy and mine cryptocurrencies directly, but also to find ways to use them, including creating investment opportunities. Future cases of using crypto currency include money transfers, trade financing and payments.
The SBI Group will endeavor to acquire cryptocurrencies, for the further development of products and services, and to secure market liquidity. This includes the mining of [bitcoin and bitcoin cash], and investments into U.S. Ripple (Ratio of 10.5%).
SBI Holdings also confirmed its intention to create a large platform for the exchange and trading of crypto-currencies, the plans for the opening of which was announced as early as 2016.