Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, December 07 2017 - 20:35
Huobi Group and SBI Group reached a strategic partnership agreement to jointly develop Global Digital Asset Markets
SINGAPORE, Dec. 7, 2017 /PRNewswire-AsiaNet/ --

Recently, Leon Li, chairman of Huobi Group, and Yoshitaka Kitao, chairman of 
SBI Group (formerly Softbank Investment Group), reached a strategic partnership 
agreement to jointly develop digital assets financial services in Asia. The 
digital assets exchange will be provided by both SBI Virtual Currencies and 
Huobi Japan in early 2018.

Huobi Group was founded in 2013. After four years of steady operation, the 
Group has become a leading global digital asset financial service provider in 
terms of technology platform, product lines, risk control system, operation and 
customer service. Huobi Group has served millions of customers from over 130 
countries and regions in the world, and now holds trading business and 
operation center in Singapore, Hong Kong, South Korea, Japan, etc.

SBI Group is one of the largest integrated financial groups worldwide and one 
of the largest venture capital and private equity asset organization in Asia. 
SBI Group has revealed its plans to create a "new financial ecosystem based on 
cryptocurrency". They have been developing various crypto-related business e.g. 
mining, hedge fund, etc. In October 2017, SBI Virtual Currency was authorized 
by Financial Services Agency Japan, to operate digital assets exchange. SBIVC 
is one of the first eleven companies approved to obtain digital assets 
financial exchange licenses.

According to the diversified needs of cryptocurrency investors, Huobi and SBI 
will conduct in-depth cooperation in areas such as capital and business. In 
addition to setting up two subsidiaries, Huobi and SBI will flexibly mobilize 
technologies, knowledge, and personnel to jointly develop digital asset-related 
businesses in Japan and the rest of Asia through mutual complementarity and 
strength. The cooperation between the two parties will be a milestone for the 
development of the digital asset industry in Asia and the world.

SOURCE: Huobi Technology PTE. LTD.