SBI Holdings, Inc. It announced today the establishment of a joint venture with Circle Internet Holdings, Inc., a subsidiary of Circle Internet Group, Inc. (Nyse: CRCl).
In November 2023, SBI Holdings signed a memorandum of agreement (MOU) with Circle Internet Financial, LLC, a subsidiary of Circle, for a strategic business alliance to explore USDC’s release, to create a banking relationship and to promote the use of services related to Web3. Japan.
After the Mou, SBI Holdings and Circle Holdings signed a formative joint agreement in March 2025 to establish this consortium.
The establishment of this consortium aims to promote the use of USDC in Japan and to create new cases of use in Web3 and Digital Finance.
According to Circle’s registration on the New York Stock Exchange (NYSE), the SBI group acquired shares in circles equivalent to $ 50 million as a strategic investor.
Utilizing Circle’s economic infrastructure and know -how, the two companies will help promote Japan’s digital economic ecosystem.