SBI Holdings Accelerates Blockchain Transformation, Expands Token Economy Services

According to The Block, Japanese financial group SBI Holdings has recently made a series of major cryptocurrency investments: leading a $125 million Series C round in Gauntlet, investing $76 million in a Series C round for EDX Markets, acquiring Japanese crypto exchange Bitbank for approximately $289 million, and taking a stake in Singapore-based exchange Coinhako. Additionally, SBI participated in Digital Asset’s $355 million funding round, Morpho’s $175 million token round, and Circle’s $222 million token pre-sale, while launching JPYSC, Japan’s first yen-backed stablecoin supported by a trust bank. SBI stated that the company is driving a comprehensive on-chain transformation across its group, aiming to provide end-to-end services across exchanges, asset tokenization, and market platforms, positioning itself ahead of the upcoming “token economy” era. Analysts note that SBI is building Asia’s first scaled on-chain asset management business, with its core strategy focused not on acquiring crypto exposure, but on controlling the infrastructure of the next-generation financial system. On the regulatory front, Japan’s parliament is advancing legislation to classify cryptocurrencies as regulated financial instruments, and plans to significantly reduce the capital gains tax on crypto assets from 55% to 20% by 2028—aligning it with the tax rates for stocks and bonds—to provide policy support for institutional entry.