World · Access · South Korea ·
SBI buys 20% stake in Indonesian brokerage Ajaib for $270M to expand yen stablecoin
Japan's SBI Holdings acquired a 20% stake in Indonesian online brokerage Ajaib for $270 million to build a cross-border blockchain-based settlement network and expand its yen stablecoin footprint across Southeast Asia.
Why it matters for the crypto market
A major Japanese financial institution is directly investing in Southeast Asian crypto infrastructure to scale regional stablecoin adoption and cross-border settlement.
Source: coindesk.com
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