Ripple Investor SBI Invests $15 Million In Swiss Crypto Card Maker Tangem

[GiddyUp]

Here's another interesting investment by SBI, it was posted in the Zerpening but not in the open forum...

Ripple Investor SBI Invests $15 Million In Swiss Crypto Card Maker Tangem

https://www.investinblockchain.com/ripple-investor-sbi-invests-15-million/

By Abhimanyu Krishnan  January 23, 2019

"The investment was executed through SBI’s digital assets investment SBI Crypto Investment. Yoshitaka Kitao, representative director, president, and CEO of SBI Holdings, emphasized the utility of Tangem’s products in boosting adoption:

The Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote mass adoption of digital assets and blockchain. We believe utilizing Tangem will help stimulate the demand for other blockchain services provided by SBI.

Tangem is a Swiss company that makes cards linked to cryptocurrency wallets, allowing users to spend crypto with the same ease that they would with a debit or credit card."

a bit more...

Japan’s SBI Invests $15 Million In Crypto Card Wallet Maker Tangem

https://www.coindesk.com/japans-sbi-invests-15-million-in-crypto-card-wallet-maker-tangem

Yogita Khatri  Jan 21, 2019

"SBI said it had invested in Tangem because its “inexpensive” and “robust” wallet product could help boost demand for crypto assets, as well as its own products.

“The Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote mass adoption of digital assets and blockchain,” said Yoshitaka Kitao, representative director, president & CEO of SBI Holdings. “We believe utilizing Tangem will help stimulate the demand for other blockchain services provided by SBI.”

In October 2018, SBI Group also partnered with Denmark-based blockchain security startup Sepior to develop a digital wallet for its cryptocurrency exchange VCTRADE. And, last March, the group bought a 40-percent stake in Taiwanese cold wallet maker CoolBitX."

...from today:

Swiss Startup to Produce ‘Banknotes’ for Marshall Islands’ Official Cryptocurrency

https://www.coindesk.com/swiss-startup-to-produce-banknotes-for-marshall-islands-official-cryptocurrency

Yogita Khatri  Jan 29, 2019

Last week, Tangem received a $15 million investment from Japanese financial services giant SBI Group, Through the funding, the firm said it plans to expand its card technology to other areas, such as stablecoins, initial coin offerings, tokenized asset offerings, digital identity and more.

[VanGogh]

SBI is really making some moves to get a feet-on-the-ground head start in the markets.