SBI becomes chain validator of Chiliz’s sports Web3 ecosystem in Japan

• SBI Digital Asset Holdings partners with Chiliz to establish a joint venture in Japan.
• The partnership aims to make Chiliz Chain the leading blockchain for sports and entertainment in Japan.
• Through this collaboration, Japanese sports fans will gain access to tokens from top football clubs.

SBI Digital Asset Holdings and Chiliz are set to establish a joint venture in Japan, aiming to make Chiliz Chain the premier blockchain for sports and entertainment in the country. This partnership will provide Japanese sports fans access to tokens from top football clubs.

Chiliz’s Socios.com has over 2 million users

Chiliz’s subsidiary Socios.com, the world’s largest Web3 wallet and fan engagement platform, boasts over two million users and has launched more than 70 Fan Tokens for global sports organization partners. The platform records over 250,000 unique daily engagements. The upcoming joint venture will integrate into Chiliz’s global operations and network, allowing Japanese fans to participate in global fan communities with the support of the SBI group.

“We prioritize the utility and underlying value”

Fernando Luis Vázquez Cao, CEO of SBI DAH, expressed excitement over the collaboration with Chiliz. He emphasized the importance of technology as an enabler in the new world and expressed his pleasure in bringing new experiences to the Japanese audience. Alexandre Dreyfus, CEO of Chiliz, echoed this sentiment, expressing pride in the collaboration and the potential it holds for expanding Fan Token offerings in Japan.

SBI Digital Asset Holdings and Zodia Custody launched JV

Last year, SBI Digital Asset Holdings launched a joint venture with Standard Chartered’s crypto asset subsidiary Zodia Custody. This venture acts as a Japan-based crypto assets custodian, targeting institutional clients. The joint venture, owned 51% by SBI DAH and 49% by Zodia Custody, aims to address a bottleneck that has previously held back interested institutions from participating in this space.

Conclusion

The partnership between SBI Digital Asset Holdings and Chiliz represents a significant step forward in the integration of blockchain technology in the sports and entertainment industry in Japan. This collaboration is set to provide Japanese sports fans with unique engagement opportunities, while also expanding the reach of Chiliz’s Fan Token offerings. As blockchain technology continues to evolve and permeate various industries, such partnerships are likely to become increasingly common.