{"id":82600,"date":"2023-11-09T12:27:50","date_gmt":"2023-11-09T17:27:50","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/sc-ventures-and-sbi-holdings-launch-100-million-crypto-fund\/"},"modified":"2023-11-09T12:27:54","modified_gmt":"2023-11-09T17:27:54","slug":"sc-ventures-and-sbi-holdings-launch-100-million-crypto-fund","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=82600","title":{"rendered":"SC Ventures and SBI Holdings Launch $100 Million Crypto Fund"},"content":{"rendered":"<div>\n<figure id=\"attachment_129246\" aria-describedby=\"caption-attachment-129246\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-129246\" class=\"wp-caption-text\">Source: Pixabay<\/figcaption><\/figure>\n<p>SBI Holdings and Standard Chartered\u2019s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United Arab Emirates targeting crypto startups.<\/p>\n<p>In a statement released on Thursday, the two companies announced the launch of their Digital Asset Joint Venture. The Venture will focus on investing in companies across the digital assets spectrum including market infrastructure, risk and compliance tools, DeFi, tokenization, consumer payments, and the Metaverse.<\/p>\n<p>The companies also said that they would make investments ranging from seed to Series C funding.<\/p>\n<p>Although the Venture aims to invest globally, SC Ventures\u2019 CEO Alex Manson praised the UAE for its rapid development as a hub for fintechs.<\/p>\n<p>\u201cThe region is fast becoming a hub for fintechs in the digital asset space due to its strengthening infrastructure and talent,\u201d said Alex Manson, CEO of SC Ventures, adding that the Venture would be an \u201cimportant vehicle\u201d to examine evolving opportunities in the global digital asset ecosystem.<\/p>\n<p>\u201cThe Joint Venture will leverage SC Ventures\u2019 experience in digital assets through our ventures such as Zodia Custody and Zodia Markets, and through our investments in fintechs like Ripple and Metaco,\u201d he concluded.<\/p>\n<p>SC Ventures exited its stake in Metaco back in May after Ripple acquired it for $250 million.<\/p>\n<p>This isn\u2019t the first time SC Ventures has collaborated with SBI Holdings. The two companies have previously invested in the same startups, including Solv, Zodia Custody, and myZoi.<\/p>\n<p>Japanese financial conglomerate SBI Holdings is set to launch another crypto fund by the year\u2019s end, aiming to invest up to 100 billion yen ($663 million) in web3, AI, and fintech startups, as reported by Nikkei today. Leading Japanese financial institutions such as Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Life Insurance, and Daiwa Securities Group have reportedly committed to investing over 50 billion yen in the fund.<\/p>\n<p>Standard Chartered has previously said that the detailed regulatory framework in the UAE is a major force in driving firms to set up operations there. In September, Zodia Markets, a digital asset marketplace primarily owned by Standard Chartered and supported by SBI Holdings, secured in-principle approval to function as a crypto broker-dealer in Abu Dhabi.<\/p>\n<p>\u00a0<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/standard-chartered-and-sbi-holdings-collaborate-on-100-million-crypto-investment-venture.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Pixabay SBI Holdings and Standard Chartered\u2019s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United Arab Emirates targeting crypto startups. In a statement released on Thursday, the two companies announced the launch of their Digital Asset Joint Venture. The Venture will focus on investing in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":82601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-82600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SC Ventures and SBI Holdings Launch $100 Million Crypto Fund | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Pixabay SBI Holdings and Standard Chartered\u2019s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=82600\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SC Ventures and SBI Holdings Launch $100 Million Crypto Fund | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Source: Pixabay SBI Holdings and Standard Chartered\u2019s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=82600\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-09T17:27:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-09T17:27:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1699544514-calculator-385506_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"754\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=82600#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=82600\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"SC Ventures and SBI Holdings Launch $100 Million Crypto Fund\",\"datePublished\":\"2023-11-09T17:27:50+00:00\",\"dateModified\":\"2023-11-09T17:27:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=82600\"},\"wordCount\":392,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=82600#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=82600\",\"url\":\"https:\/\/ifintechworld.com\/?p=82600\",\"name\":\"SC Ventures and SBI Holdings Launch $100 Million Crypto Fund | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-11-09T17:27:50+00:00\",\"dateModified\":\"2023-11-09T17:27:54+00:00\",\"description\":\"Source: Pixabay SBI Holdings and Standard Chartered\u2019s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=82600#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=82600\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=82600#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SC Ventures and SBI Holdings Launch $100 Million Crypto Fund\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SC Ventures and SBI Holdings Launch $100 Million Crypto Fund | iFintechWorld","description":"Source: Pixabay SBI Holdings and Standard Chartered\u2019s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=82600","og_locale":"en_US","og_type":"article","og_title":"SC Ventures and SBI Holdings Launch $100 Million Crypto Fund | iFintechWorld","og_description":"Source: Pixabay SBI Holdings and Standard Chartered\u2019s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United","og_url":"https:\/\/ifintechworld.com\/?p=82600","og_site_name":"iFintechWorld","article_published_time":"2023-11-09T17:27:50+00:00","article_modified_time":"2023-11-09T17:27:54+00:00","og_image":[{"width":1280,"height":754,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1699544514-calculator-385506_1280.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=82600#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=82600"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"SC Ventures and SBI Holdings Launch $100 Million Crypto Fund","datePublished":"2023-11-09T17:27:50+00:00","dateModified":"2023-11-09T17:27:54+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=82600"},"wordCount":392,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=82600#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=82600","url":"https:\/\/ifintechworld.com\/?p=82600","name":"SC Ventures and SBI Holdings Launch $100 Million Crypto Fund | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-11-09T17:27:50+00:00","dateModified":"2023-11-09T17:27:54+00:00","description":"Source: Pixabay SBI Holdings and Standard Chartered\u2019s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=82600#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=82600"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=82600#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"SC Ventures and SBI Holdings Launch $100 Million Crypto Fund"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/82600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82600"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/82600\/revisions"}],"predecessor-version":[{"id":82602,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/82600\/revisions\/82602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/82601"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}