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Crypto

Mitsui Sumitomo FG and SBI to Form Capital Alliance on Stablecoins: Nikkei

2026/10/30 18:30(Updated 2026/10/30 12:00)

CoinPost

Written by CoinPost Editorial Department

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Mitsui Sumitomo FG and SBI to Form Capital Alliance on Stablecoins: Nikkei

Mitsui Sumitomo FG to Invest 5% in SBI Joint Venture

On the 30th, the Nikkei reported that Mitsui Sumitomo Financial Group (FG) and SBI Holdings (HD) will form a capital and business alliance aimed at developing services utilizing stablecoins. Mitsui Sumitomo FG is set to invest 5% in "SBI Star Tail Marketing," a joint venture between SBI HD and Singapore's Star Tail Group.

According to the report, Mitsui Sumitomo FG's clients will have the opportunity to manage assets...

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