SBI Holdings signed a memorandum of basic agreement with Shinhan Card. The agreement covers a cooperation framework involving SBI XDC Network APAC Co., Ltd. and SBI VC Trade.
SBI Holdings announced that it had signed a memorandum of basic agreement with Shinhan Card. The planned framework for future cooperation includes collaboration in the digital asset sector through SBI XDC Network APAC Co., Ltd. and SBI VC Trade.
The matter involves SBI Holdings' consolidated subsidiary SBI XDC Network APAC Co., Ltd. and an entity engaged in the cryptocurrency exchange business and related activities, indicating that a cooperative relationship with Shinhan Card is being advanced.
The announcement was made in an SBI Holdings news release and focused on the signing of the memorandum of basic agreement with Shinhan Card. Further updates are awaited on the specific business activities and future developments.