SBI Holdings’ Crypto Unit Partners with Chiliz to Establish Sports Fan Token Joint Venture in Japan

Odaily News On Thursday, SBI Digital Asset Holdings, the crypto asset division of Japanese securities and banking giant SBI Holdings, announced a partnership with sports blockchain provider Chiliz to expand Japan's sports fan token ecosystem. In a statement, the two parties said they plan to establish a joint venture in Japan to provide local fans with tokens of popular football clubs such as Manchester City and AC Milan. Fernando Luis Vázquez Cao, CEO of SBI Digital Assets, said: "The collaboration between SBI DAH and Chiliz will bring together the best-in-class capabilities of traditional finance and Web3, using fintech innovation to transform the community's sports and entertainment experience." (The Block)