SBI Holdings, a Japan-based financial services company group, and Saudi Aramco, the world’s second largest company, have approved in principle an agreement that includes cryptocurrency investment.
SBI Holdings, December 7, 2023 Saudi Arabia’s state-owned oil company Saudi Aramco (Aramco) A basic agreement for a business alliance with that you signed announced. According to local press XTECH, cryptocurrency investment is included within the scope of the alliance. over 3 main headings A place to stop was given.
In this context, both giant companies Cooperation and joint investment in the field of cryptocurrency to do, in the field of blockchain Those who want to expand their business in Saudi Arabia Japanese start-ups It will focus on identifying and supporting various projects related to investment in the semiconductor field, such as establishing factories in both Japan and Saudi Arabia.
SBI is also in Riyadh to introduce Japan-based blockchain startups to Saudi Arabia.SBI Middle EastHe plans to establish a space called “.
At the beginning of November, the investment arm of Standard Chartered bank SC Ventures and SBI Holdings both web3 as well as metaverse came together to invest in their sectors.