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Leading Japanese financial giant SBI Holdings Inc., which was founded in 1999, is making great progress in incorporating blockchain technology into its business practices. Recognized for its proficiency in conventional finance, encompassing venture capital and asset management, SBI Holdings is now expanding into the gaming industry via a strategic alliance with the Oasys blockchain network.
On August 29, SBI Holdings announced a new addition to its diverse portfolio by investing in Oasys, a blockchain network focused on gaming. Although the investment amount remains undisclosed, the collaboration is expected to boost the synergies between SBI’s financial expertise and Oasys’s game tokens.
SBI’s CEO Yoshitaka Kitao emphasized the strategic importance of this partnership in a recent blog post, stating, “From its inception, [Oasys] has included several globally renowned major game development companies as initial validators.” The partnership reflects SBI’s commitment to exploring new avenues in the blockchain space, particularly in gaming.
This is not the first time SBI and Oasys have collaborated. Earlier this year, the two companies teamed up on an NFT initiative. However, as NFT values continue to decline, Oasys’s focus on establishing partnerships with major video game companies appears to hold more promise. The Oasys network already boasts affiliations with industry giants like Sega and Ubisoft, further solidifying its position in the gaming sector.
In order to incorporate well-known gaming brands like The Walking Dead: All Stars and Summoners War: Chronicle into its network, Oasys has also teamed up with Com2uS. The Singapore-based Oasys, which was founded in 2021, has received over $20 million in three funding rounds and drawn investments from prestigious businesses like SBI and Hyperithm. Unspecified funding was also provided by Hyperithm, a digital asset financial services business backed by Coinbase, Samsung, Kakao, and Hashed, to Oasys’s expansion.