apanese financial services giant SBI Holdings announced that it will launch a fund by the end of 2023 to invest in emerging companies such as Web3, AI, and metaverse, with an expected investment amount of hundreds of millions to tens of billions of yen per project and a total investment of 150 to 200 companies. The expected total amount of the fund will reach 100 billion yen ($662 million). SBI Holdings stated that it will support Japanese startups by inviting major domestic and regional banks to invest. As of now, Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Life Insurance, and Daiwa Securities Group have decided to invest more than 50 billion yen in the fund.
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SBI Holdings will launch a US$662 million fund by the end of 2023, mainly investing in emerging companies such as Web3, AI and Yuanverse
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