TOKYO — Japanese financial group SBI Holdings has acquired a 20% stake in the U.S. cryptocurrency exchange EDX Markets. This investment is part of SBI Holdings' strategy to expand the use of an SBI-issued stablecoin within the crypto market.

The move marks a significant step for the Tokyo-based company as it strengthens its presence in the U.S. digital asset space. EDX Markets, based in the United States, will benefit from SBI's financial backing and stablecoin integration.

This development highlights ongoing cross-border collaborations in the cryptocurrency industry, with SBI Holdings leveraging its resources to enhance stablecoin adoption.

Sources