SBI Crypto Investment, a subsidiary of the financial giant , has invested in crypto firm Breadwinner AG, Cointelegraph Japan on Jan. 15.
SBI’s crypto investment fund did not disclose the amount contributed to Switzerland-based Breadwinner, the developer of BRD.
According to the announcement, BRD operates in 170 countries and has been downloaded by 1.8 million Android and iOS users. SBI’s reveals that in the six months that ended Sept. 30, 2018, SBI Holdings registered over 176 million yen in revenue (about $1.6 million).
BRD has not responded to Cointelegraph’s request for comment by press time.
SBI Group as a whole has also invested in the crypto space previously. The company in August that it had invested in cryptocurrency exchange LastRoots for the second time.
As Cointelegraph in December of last year, SBI Holdings’ own crypto exchange Vctrade has implemented bitcoin [BTC] (), Ethereum () and Ripple () deposits.
In September that another subsidiary of SBI Holdings, Korea’s SBI Savings bank, had signed a memorandum of understanding with Dayli Intelligence, a company specializing in and technologies.
Published at Tue, 15 Jan 2019 14:45:00 +0000
