SBI invests in blockchain supply chain finance firm RootAnt

Today Japan’s SBI Holdings announced it’s investing in Singapore fintech RootAnt Global, taking a 4.85% stake. The startup has a supply chain finance solution that uses R3’s Corda enterprise blockchain. It’s good timing given the ramp-up in supply chain activity as a result of the COVID lull. A joint venture is planned between RootAnt and SBI subsidiary BYFIN, which focuses on digital transformation for banks and businesses. The joint offering, SBI BANCO, targets regions including Japan...
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