Templum company, based in New York, claimed on Wednesday that it had gained investment from SBI, thus finishing a $10 million round of financing. In October, the launched project displayed that it had earned $2.7 million in funding from a group of investors which included Raptor Group, Galaxy Investment Partners, Blockchain Capital and firstminute.capital.
Templum is aimed to build a regulation-compliant platform for the sale and trade of digital securities and assets. According to Templum, the new fund will be applied in order to further develop its services and alternative trading platform.
The new round begins months after the startup has accumulated Liquid Markets Group's broker-dealer and Liquid M Capital LLC, the alternative trading system. At the time, it also unveiled its board of advisors, which includes Troy Paredes, a former commissioner for the Securities and Exchange Commission.
The latest stage by SBI to further diversify its group of cryptocurrency portfolio companies is also marked by the new investment. The Japanese financial giant declared that it had purchased a share in a Taiwan-based crypto hardware wallet maker, CoolBitX, in March.
Presently SBI Holdings has already arranged foot in a range of businesses within the cryptocurrency ecosystem, including ICO platforms, wallet services, and cryptocurrency exchanges, as well as a collective venture with Ripple oriented on cross-border money transfers.