Japanese financial services group SBI Holdings has bought 40% of Taiwanese cryptocurrency hardware wallet company CoolBitX, according to a press release published March 2.
In the latest venture in SBI’s increasing involvement with both the cryptocurrency and Blockchain industries, the finance giant made an undisclosed investment which transferred almost half of CoolBitX to its ownership.
CoolBitX currently manufacturers CoolWallet as its primary offering — a hardware wallet akin to a credit card which communicates to devices via Bluetooth.
SBI is currently spearheading a mass trial of Ripple’s technology in a separate major venture involving around 60 banks, the majority of which are based in Japan.
https://cointelegraph.com/news/japans-finance-giant-sbi-buys-40-of-taiwanese-crypto-hardware-wallet-company