1. Aiwaka AdventuresHome
  2. Metaverse Matters

SBI Holdings to Fully Own Cryptocurrency Service Provider HashHub

• Metaverse Matters • 157 views

It is reported that the Japanese financial services giant SBI Holdings signed an equity transfer agreement with the existing shareholders of HashHub. After the…

SBI Holdings to Fully Own Cryptocurrency Service Provider HashHub

It is reported that the Japanese financial services giant SBI Holdings signed an equity transfer agreement with the existing shareholders of HashHub. After the equity transfer, HashHub will become a consolidated subsidiary of SBI Holdings. HashHub was founded in April 2018 and operates the cryptographic asset lending service HashHub Lending and the cryptographic asset research report business HashHub Research. According to Coinpost, after the completion of this equity transfer, it is expected that the shareholding ratio of SBI Holdings in HashHub will be 100%.

SBI Holding turns HashHub into a consolidated subsidiary

Analysis based on this information:


SBI Holdings, the Japanese financial services giant, has signed an equity transfer agreement with existing shareholders of HashHub, a cryptocurrency service provider. Upon completion of the equity transfer, HashHub will become a fully-owned subsidiary of SBI Holdings, with the latter’s shareholding ratio increasing to 100%.

HashHub, which was founded in April 2018, offers two primary services – HashHub Lending and HashHub Research. Its lending service operates on the basis of cryptographic assets, allowing users to borrow cryptocurrencies and fiat currencies against their assets. Through HashHub Research, the firm provides research reports that shed light on different aspects of the cryptocurrency market.

SBI Holdings’ acquisition of HashHub’s equity is an indication of the former’s continued interest in the digital asset market space. SBI Holdings has, in the past, shown an inclination towards cryptocurrencies and the underlying blockchain technology. In addition, SBI Holdings has been actively involved in investing in companies that are part of the digital asset ecosystem.

The acquisition of HashHub by SBI Holdings will make it easier for the financial service giant to offer customized services to clients interested in investing in cryptocurrencies. With HashHub Lending, SBI Holdings could use its assets to lend to those who want to engage in digital asset trading, ensuring that borrowers are adequately collateralized. On the other hand, HashHub Research will provide SBI Holdings with useful insights and data-driven reports which they can use to make informed investment decisions in the cryptocurrency market.

Furthermore, SBI Holdings has made it known that it would be pursuing mergers and acquisitions in the digital asset market space. The latest acquisition of HashHub by SBI Holdings is in line with such intentions.

In summary, the acquisition of HashHub by SBI Holdings indicates a continuing interest in the digital asset market space. SBI Holdings could leverage HashHub Lending to provide lending services to clients interested in cryptocurrencies, while HashHub Research could provide valuable insights for investments in the cryptocurrency market.

Overall, the acquisition demonstrates a strategic move by SBI Holdings to enhance its offerings in the digital-asset market space.

Title: SBI Holdings Expands in the Cryptocurrency Space with Acquisition of HashHub

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/02/28/sbi-holdings-to-fully-own-cryptocurrency-service-provider-hashhub/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/28/2023 08:37
Next 02/28/2023 08:43

Recommended articles