CHICAGO, October 24, 2022 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, and SBI Holdings, Inc. (“SBI”), a pioneer of internet financial services in Japanannounced today that the companies have signed a Memorandum of Understanding (“MoU”) agreeing to discuss potential business collaboration opportunities in the traditional and digital finance space.
(PRNews photo/Cboe Global Markets, Inc.)
The MOU between Cboe and SBI lays the groundwork for the potential exchange of resources and information with a view to continuing collaboration and proposed joint business initiatives between the two companies in the areas of equities, digital assets and other financial products and services, subject to applicable regulatory requirements permits . The MoU creates an opportunity for Cboe and its Japanese equity market, Cboe Japan (formerly Chi-X Japan), to potentially reach additional investors and expand its presence in Japan Asia Pacific Financial markets and for SBI to leverage Cboe’s equity and digital asset expertise to expand its offering and global distribution network.
“Cboe is pleased to enter into this MOU with SBI and we look forward to working together to leverage the expertise of our respective companies in mutually beneficial ways,” he said Ed Tilly, Chairman and Chief Executive Officer, Cboe Global Markets. “SBI’s diverse business in financial services, including its leadership position in Japanese equities, will provide Cboe with the opportunity to expand our presence in the region and bring innovative technologies, products and services to even more investors. Also, our recent expansion into digital assets through Cboe Digital, a market and clearinghouse built on exchange principles of transparency and regulatory compliance, backed by a network of intermediaries, providing client-centric solutions to help institutions leverage this emerging asset class Leveraging its full potential, SBI will provide the opportunity to grow its global network to deliver digital asset products and services.”
Yoshitaka KitaoRepresentative Director, Chairman, President and CEO of SBI Holdings stated, “I recognize that Cboe and SBI Group have much in common; Both have spearheaded financial industry reform and aggressively entered the digital finance space. The chemistry between the two companies will create new waves of change in Japan’s financial market and drive regulatory reform Japan that benefits investors Japanretail investors in particular, and are ultimately helping to solve the long-standing social problem of the ‘shift from saving to investing’.”
headquarters in TokyoSBI has grown its business significantly as a pioneer of internet financial services Japan through its financial services businesses, which include brokerage, banking, insurance, and wealth management. In Proprietary Trading Systems (PTS) business, SBI as the major shareholder of Japannext Co., Ltd. contributed to the creation of a fair and stable trading market Japan’s largest proprietary trading company. Recently, SBI has started to proactively engage in the expansion of its digital finance business through the use of distributed ledger technology such as security tokens and strive to create a global corridor that will ensure the consistent function of issuance, Distribution and custody supports security tokens.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers state-of-the-art trading, clearing and investment solutions to market participants around the world. The company strives to operate a trusted, inclusive global marketplace and provide leading-edge products, technology and data solutions that enable participants to define a sustainable financial future. Cboe offers trading solutions and products across multiple asset classes including equities, derivatives, forex and digital assets North America, Europe and Asia Pacific. To learn more, visit cboe.com.
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SOURCE Cboe Global Markets, Inc.
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