SBI Holdings, the Tokyo-based financial services company group announced today that it has invested in T1R, a San Francisco-based firm which is involved in the ICO (Initial Coin Offering) consultation business in the U.S. SBI Holdings acquired 20% of the equity unit of T1R.
In the U.S., T1R, by the brand name of CoinTheory, provides comprehensive consultation services on ICO token issuance, including the post-issuance distribution support and marketing, as well as the provision of security measures.
The SBI Group has been conducting ICO-related businesses since 2017, as a part of an ecosystem based on cryptocurrencies, such as the establishment of SBI CapitalBase that engages in fundraising services including ICO, and the launch of Japan’s first ever rating service of ICOs by Morningstar Japan K.K, not to mention the launch of its own crypto exchange, SBI Virtual Currencies.
By utilizing T1R’s techniques and know-how, the SBI Group considers to jointly develop businesses both in Japan and Asia.