TOKYO, December 2017 — SBI BITS Co., Ltd., the financial technology provider company that is a wholly-owned subsidiary of SBI Holdings, Inc. (HQ: Tokyo, Japan; Representative Director, President & CEO: Yoshitaka Kitao) and nChain, the blockchain research and development pioneer (HQ: Antigua; nChain research business in London, UK; Chairman of the Board: Stefan Matthews) announce a strategic partnership to collaborate on cryptocurrency growth initiatives, focused especially on the Bitcoin Cash network.

For their first collaborative project, SBI BITS and nChain will work together to develop stronger cryptocurrency security solutions for institutions and customers, in particular, a next-generation advanced secure wallet system. nChain will contribute its intellectual property and research insight, and SBI BITS will use its strong development team and financial services expertise to create a next-generation security system for cryptocurrency.

Yoshitaka Kitao, Representative Director, President & CEO of SBI Holdings, remarked:

“SBI Group believes in the power of cryptocurrency to transform the world, and we are committed to build a leading cryptocurrency ecosystem. But for cryptocurrency to continue growing, institutional investors and individual customers need confidence in stronger security to protect their investment.  As part of its emerging cryptocurrency ecosystem, SBI Group is pleased to work with nChain to develop an enhanced security system which will benefit the entire industry.”