SBI Holdings Launches JPYSC Yen Stablecoin, Invests $1.2B+ in Crypto Infrastructure

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According to company officials, Japanese financial giant SBI Holdings invested over $1.2 billion across multiple cryptocurrency initiatives in recent months. The company was sole investor in Gauntlet's $125 million Series C round and participated in EDX Markets' $76 million Series C, while also backing Digital Asset's $355 million, Morpho's $175 million token funding, and Circle's $222 million Arc blockchain presale. SBI acquired cryptocurrency exchange Bitbank for approximately $289 million and took a controlling stake in Singapore-based Coinhako earlier this year. Last month, SBI launched JPYSC, Japan's first yen stablecoin backed by a trust bank, aiming to build an integrated onchain finance ecosystem offering exchanges, asset tokenization, payments, and digital asset management on blockchain.
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