SBI Digital Asset Holdings, the crypto asset arm of Japan's financial giant SBI Holdings, and sports-focused Blockchain provider #Chiliz are launching an exciting joint venture in the country. This collaboration aims to integrate sports fans in Japan into a global token-based community. Let's look at the details.
Chiliz Announces New Development
With the announcement made on Thursday, it was revealed that SBI Digital Asset Holdings and Chiliz will be working together in Japan to expand the token ecosystem for sports fans. The main aim of this joint venture is to offer local fans access to tokens of teams such as popular football clubs.
According to Fernando Luis Vázquez Cao, CEO of SBI Digital Asset, this collaboration will combine the best features of traditional finance and Web3. This will make it possible to leverage fintech innovations to transform sports and entertainment experiences for communities.
Details of the Joint Venture
According to the details of the joint venture, various benefits will be offered for Japanese fans. These benefits include token-based sports experiences and rewards, such as matchday activations, voting rights on fan-related decisions.
The fact that Chiliz currently hosts 82 fan tokens and has more than 150 sports partners worldwide also shows the potential of this joint venture. Additionally, Chiliz, which operates a Web3 wallet and interaction platform for sports fans called Socios.com, reinforces its leadership in this field.
50 Million Customers Worldwide
It is known that SBI Group has gained a strong position in the financial sector since its establishment in 1999. This group, which has more than 50 million customers worldwide, also established a partnership with Circle last November to expand the use of USDC stablecoin in Japan.
This joint venture could herald an exciting new era for Japanese sports fans, bringing together the power of both Japan's financial giant SBI Holdings and the unique experience Chiliz offers for sports fans. When we look at the CHZ price after this development, we see that the price is trading at $ 0.123.
