SBI Holdings, Inc. today announced its investment in Chainstack Pte. Ltd., a company that provides blockchain node services, through the SBI-Sygnum-Azimut Digital Asset Opportunity Fund.
Founded in 2019 in Singapore, Chainstack is a Web3 infrastructure provider offering blockchain node services for businesses and various developer-specific tools. The services offered by Chainstack are fundamental to the application of blockchain technology and are characterized by the wide range of supported blockchain protocols and high cost efficiency.
Moving forward, Chainstack is committed to improving user experience and optimizing operational costs by improving usability and automating processes. In doing so, they aim to further strengthen their position as the market leader in blockchain infrastructure and lead the future of blockchain technology.
The fund, jointly managed by SBI Ven Capital Pte. Ltd., a subsidiary of SBI Group and Sygnum Pte. Ltd., is engaged in venture investments in Southeast Asia and Europe leveraging the deep expertise in digital assets, financial services and fintech across the sector offered by SBI Group and Sygnum Bank Group, both digital pioneers assets as well as their network across Asia and Europe.
SBI Group has been committed to active investment in the fields of blockchain and crypto assets since the early stage, including that of Ripple in 2016 and R3 in 2017.