May 24, 2017
SBI Holdings, Inc. (TOKYO: 8473)
SBI Investment Co., Ltd.
Notice Regarding an Investment into R3 HOLDCO LLC, a U.S. FinTech CompanySBI Investment Co., Ltd. (Head office: Minato-ku, Tokyo; Representative Director: Katsuya Kawashima; hereinafter "SBI Investment"), a subsidiary of SBI Holdings, Inc. (Head office: Minato-ku, Tokyo; Representative Director: Yoshitaka Kitao; hereinafter "SBI Holdings"), which conducts investments and management of venture capital funds, hereby announces that it has invested in R3 HOLDCO LLC (Head office: NY, U.S.; hereinafter "R3") through its funds, including the FinTech Fund and others. Upon the investment, the SBI Group has become R3's largest outside shareholder.
R3 is a U.S. startup company that excels in distributed ledger technology (DLT), and is working on a global project towards establishing a distributed ledger platform on a global standard in the financial industry. The consortium led by R3 currently consists of over 80 leading financial institutions around the world (as of May 23, 2017). Some of the financial institutions in the consortium are promoting the application of DLT in financial services, and have already started performing demonstration experiments to verify the feasibility of such technology.
As was announced in March 2016, SBI Holdings joined in the consortium led by R3 as the first financial group in the world, whose main channel is the Internet, and has acquired information about DLT and conducted researches regarding the distributed ledger platform. By taking advantage of this investment, the SBI Group will further strengthen cooperation with R3 toward the utilization of DLT.
The SBI Group will continue to further expand investments in promising companies in the FinTech industry, which is expected to grow, by leveraging the knowledge in the online financial services businesses accumulated by itself, as a FinTech pioneer company.
[Outline of R3]
Head office | : 1370 Broadway, Ste 1050 New York, NY 10018 |
Representative | : David Rutter, CEO |
Business | : Management of the DLT consortium and provision of a DLT platform |
Establishment | : February 2016 |
URL | : http://www.r3cev.com/ |
[Reference]Investors of R3 (Excerpt from the press release of R3)
Banco Bradesco | Itaú Unibanco S.A. |
Bangkok Bank | Mitsubishi UFJ Financial Group (MUFG) |
Bank of America Merrill Lynch | Mizuho |
Bank of Montreal | Natixis |
Bank of New York Mellon | Nomura |
Barclays | Nordea Bank |
BBVA | OP Cooperative |
BNP Paribas | Ping An |
B3 (BM&FBOVESPA and Cetip) | Royal Bank of Canada |
Canadian Imperial Bank of Commerce | SBI Group |
Citi | SEB |
Commerzbank | Societe Generale |
Commonwealth Bank of Australia | Sumitomo Mitsui Banking Corporation |
Credit Suisse | TD Bank Group |
CTBC Financial Holding | Temasek |
Daiwa Securities Group | The Bank of Nova Scotia |
Danske Bank | Northern Trust |
Deutsche Bank | The Royal Bank of Scotland |
HSBC | U.S. Bank |
ING | UBS AG |
Intel Capital | Wells Fargo |
Intesa Sanpaolo | Westpac |
(Alphabetical order)
***************************************************************************************** For further information, please contact:
SBI Holdings, Inc. Corporate Communications Dept., Tel: +81 3 6229-0126
SBI Holdings Inc. published this content on 23 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 May 2017 07:39:24 UTC.
Original documenthttp://www.sbigroup.co.jp/english/news/pdf/2017/0524_a_en.pdf
Public permalinkhttp://www.publicnow.com/view/3C4A4C9E5FADD115C774A39FC738ED8E234467D1