Cboe Global Markets, Inc and Sbi Holdings, Inc Signs Memorandum of Understanding
October 24, 2022
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Cboe Global Markets, Inc. and SBI Holdings, Inc. announced the companies have signed a Memorandum of Understanding ("MoU") whereby they have agreed to discuss potential business collaboration opportunities in the areas of traditional and digital finance. The MoU between Cboe and SBI lays the foundation for the potential exchange of resources and information with respect to pursuing cooperation and planned joint business initiatives between the two firms in equities, digital assets, and other financial products and services, subject to any applicable regulatory approvals. The MoU creates the opportunity for Cboe and its Japanese equities market, Cboe Japan (formerly Chi-X Japan), to potentially reach additional investors and expand its presence in the Asia Pacific financial markets, and for SBI to leverage Cboe's expertise in equities and digital assets in an effort to expand its offering and global distribution network.
SBI Holdings Inc is a Japan-based company mainly engaged in the financial business. The Company operates five business segments. The Financial Services segment engages in various finance related businesses, centered on securities related, banking, and insurance businesses in Japan and overseas. The Asset Management segment is engaged in investment management, including the establishment, offering, and management of investment trusts, investment advisory services, and provision of financial products information. The Investment segment includes investment in domestic and overseas information technology (IT), fintech, blockchain, financial, and biotechnology related venture companies. The Crypto-asset segment provides crypto-asset exchange and trading services. The Non-financial segment is engaged in various businesses such as bio-healthcare & medical informatics business, Web3 related business, renewable energy business, and businesses developing in new overseas markets such as Africa.