SBI Holdings, one of Japan’s biggest financial companies, has teamed up with Oasys, a blockchain platform made for Web3 gaming. A press release shared with the crypto platform says that SBI Holdings also gave money to help improve the Web3 gaming platform’s native token.
#Oasys SBI HoldingsWe're thrilled to announce we've secured funding from one of Japan’s largest financial conglomerates! Partnering with #SBIHolding will propel Oasys to new heights, enhance $OAS token liquidity and strengthen our growing ecosystem. With the backing of… pic.twitter.com/1N5Hj57MUF
— Oasys | Blockchain for Games (@oasys_games) August 29, 2024
Yoshitaka Kitao, the CEO of SBI Holdings, said that the company wants to “expand the use of blockchain technology” through this partnership. “Oasys is a very promising project as a blockchain from Japan made for gaming. From the start, it has included many well-known game development companies as initial validators.”
Partnership History and Insights from SBI VC Trade
Oasys has worked with several major gaming companies as validators, helping to develop blockchain games set to release later in 2024. The Web3 gaming platform has also integrated SBI VC Trade and the SBINFT Market, showing a growing relationship between the two companies.
SBI Holdings leveling up in the Web3 gaming space with this Oasys partnership. Token liquidity getting a boost Japan stays ahead in blockchain gaming #SBIVCTrade #Web3 #BlockchainGaming
— Sr Jose ETH (@Sr_JoseETH) August 29, 2024
In a Q&A with a source, Tomohiko Kondo, the CEO of SBI VC Trade, said that Oasys is one of Japan’s “most anticipated” Web3 projects: “SBI has invested in double jump.tokyo, the main developer of the Oasys chain, creating a strong potential for synergy.”
Blockchain Gaming Implications and SBI Holdings Partners with Franklin Templeton
In the Q&A, Kondo said that “as more games launch on Oasys,” the company is now “aligned” with interests serving both entities. He added: “We believe supporting Oasys will help the growth of the Web3 industry in Japan.” Kondo said the company aims to “accelerate Oasys’s growth” through “close collaboration between Oasys and the various group companies and functions within the SBI Group.”
On July 26, SBI Holdings partnered with Franklin Templeton, one of the largest asset management firms in the world, to create a cryptocurrency exchange-traded fund management company. The companies signed an MoU to confirm the joint venture, creating a new Japanese asset management firm to offer investment opportunities to a “new generation of investors.” Jenny Johnson, the CEO of Franklin Templeton, said that SBI’s “extensive reach” fits well with Templeton’s commitment to helping investors.
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