SC Ventures, the investment department of Standard Chartered Bank, and Japanese financial group SBI Holdings have partnered to establish a cryptocurrency company worth $100 million in the United Arab Emirates. The two companies announced on Thursday that the company plans to invest in cryptocurrency in areas such as decentralized finance, tokenization, infrastructure, payments, and virtual worlds as a joint venture. Its goal is to invest globally, covering seed rounds to Series C financing.
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Standard Chartered Bank and SBI Holdings partner to invest $100 million in crypto startups
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