Today SBI Holdings, a financial services company group based in Tokyo, published a document, stating that SBI has reached a basic agreement on capital and business partnerships with Huobi Group.
BRIEF-SBI Holdings To Tie-Up With Huobi To Tap Exchange Systems And Operational Know-How - Nikkei https://t.co/9yw0iLFP1Z
— SBIホールディングス（株） (@sbigroup) 7 декабря 2017 г.
Huobi Group currently operates cryptocurrency-related businesses including Huobi.pro, a cryptocurrency exchange platform, as well as digital assets exchange platform, information and research service business and wallet services for cryptocurrency management.
According to the document, SBI Holdings will use of Huobi Group’s technology and human resource on developing the cryptocurrency-related business in the Asian region. SBI also intends to acquire 30% of equity in Huobi Group’s Japanese entity and 10% of equity in Huobi Group’s Korean entity while Huobi plans to acquire 30% of equity in SBI Virtual Currencies, a subsidiary of SBI Holdings.
In October SBI Holdings announced its intention to go deeper into the world of blockchain and build a "new financial ecosystem based on cryptocurrencies".