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SBI Holdings invests in blockchain startup Templum
Japanese financial services company SBI Holdings has made a strategic investment in Templum, a New York-based startup focused on the trading of digital assets.
With the latest investment, Templum has completed its $10 million fundraising round that includes an investment by the Raptor Group. The company said that the funding would be used to continue the development of Templum Markets and its alternative trading system.
“We are committed to the development of a new financial paradigm and believe Templum is the best partner for the development of this new paradigm. This investment underscores our belief in Templum’s experienced team, technology, and vision for using blockchain technology to transact in digital assets as securities,” Yoshitaka Kitao, Representative Director, President, and CEO of SBI Holdings, said.
Templum also plans to use the new funding to continue to create valuable investor partnerships and to attract institutional and accredited investors to use its technology to purchase and sell securities tokens.
“We are excited to have SBI’s support and expect this investment will result in an expanded relationship with this highly respected institution. SBI shares our mission to develop a secure trading platform for TAOs, and we look forward to partnering with SBI in Japan and across Asia in the future,” Chris Pallotta, Founder and Chief Executive Officer of Templum, said.
Founded in 2017, Templum is focused on the development of trading system and platforms to facilitate the lawful sales of digital assets and the secondary trading of digital assets offered as securities. Earlier this month, the company completed the acquisition of Liquid M Capital. The broker dealer and Alternative Trading System (ATS) now operate as Templum Markets, a wholly owned subsidiary of Templum.