SBI Holdings Acquires Full Control of Cryptographic Asset Services Provider HashHub

02/28/2023 08:38 • Blockchain Buzz • 159 views

It is reported that the Japanese financial services giant SBI Holdings signed an equity transfer agreement with the existing shareholders of HashHub. After the equity transfer, HashHub will become a consolidated subsidiary of SBI Holdings. HashHub was founded in April 2018 and operates the cryptographic asset lending service HashHub Lending and the cryptographic asset research report business HashHub Research. According to Coinpost, after the completion of this equity transfer, it is expected that the shareholding ratio of SBI Holdings in HashHub will be 100%.

SBI Holding turns HashHub into a consolidated subsidiary

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SBI Holdings has recently signed an equity transfer agreement with the existing shareholders of HashHub, which will transform the cryptographic asset services provider into a consolidated subsidiary of the Japanese financial services firm. HashHub, a business that offers both cryptographic asset lending and research report services, was founded in April 2018.

After the completion of the deal, it is expected that SBI Holdings will have full control over HashHub, as their shareholding is expected to be at 100%. This move by SBI Holdings indicates their intention to expand and strengthen their position within the cryptographic asset industry. With HashHub now under their complete control, SBI Holdings will be able to provide an even more comprehensive suite of cryptographic asset services to their clients.

By acquiring HashHub, SBI Holdings is strategically positioning itself in a rapidly expanding sector that has the potential for significant growth. Cryptographic assets have increasingly become a part of financial systems worldwide, making it necessary for financial service providers to have a deep understanding of such assets to remain competitive in the market.

HashHub’s offering of cryptographic asset lending services is particularly attractive to SBI Holdings, as it can enable them to provide a more diverse set of investment options. Cryptographic assets have emerged as a popular investment class, and HashHub’s experience in providing these services can provide SBI Holdings with valuable expertise.

In addition to cryptographic asset lending, HashHub also operates a cryptographic asset research report business, providing clients with insights and analysis of the sector. This is another area where SBI Holdings can benefit from the acquisition, as it will allow them to offer their clients a more comprehensive view of the cryptographic asset market and related trends.

In conclusion, SBI Holdings’ acquisition of HashHub consolidates the Japanese firm’s position within the cryptographic asset sector, expands their offerings in cryptographic asset lending and research, and allows them to offer their clients a more comprehensive suite of services. SBI Holdings’ acquisition marks an important step in their efforts to expand their presence within the sector and position themselves as a leading provider of cryptographic asset services.

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SBI Holdings Acquires Full Control of Cryptographic Asset Services Provider HashHub

SBI Holding turns HashHub into a consolidated subsidiary

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