SBI Holdings Invests in Potamus Holdings
- SBI Holdings recently launched its own cryptocurrency exchange.
According to an official press release, SBI Crypto Investment has made a strategic investment in Potamus Holdings.
Potamus Holdings is the parent company of Potamus Trading, which is a broker-dealer which offers trading infrastructure. SBI Crypto Investment is a subsidiary of SBI Holdings, a provider of inter-based financial services. Potamus Holdings is based in Boston, and SBI Holdings is based in Tokyo.
The terms of the deal were not disclosed.
Potamus Trading operates a platform that provides algorithmic execution services to buy-side institutions. It aims to lower execution costs by combining high-frequency execution with mid- and low-frequency institutional orders. It offers transparency through reviews of execution quality via a variety of metrics.
Kristin Linnell, Managing Partner of Potamus Trading, said, “We are excited to partner with SBI, who shares our vision of delivering conflict free execution to buy-side asset managers. We look forward to leveraging SBI’s considerable resources and expertise as we expand our global reach.”
Yoshitaka Kitao, Representative Director, President and CEO of SBI, added, “SBI is dedicated to creating a new financial ecosystem and our investment in Potamus underscores our commitment to bringing financial innovation to the equity markets worldwide. We are confident in Potamus’ smart technology and its ability to disrupt an outdated institutional equities business.”
Yesterday we reported on SBI Holdings launching a cryptocurrency exchange. It is the first major traditional financial institution to make such a move. The exchange is called VCTRADE and will initially only deal in XRP, the cryptocurrency of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based payment processor Ripple. It plans to add support for Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and Bitcoin Cash in the future.
It initially announced its intention to launch the exchange in October 2017.
According to an official press release, SBI Crypto Investment has made a strategic investment in Potamus Holdings.
Potamus Holdings is the parent company of Potamus Trading, which is a broker-dealer which offers trading infrastructure. SBI Crypto Investment is a subsidiary of SBI Holdings, a provider of inter-based financial services. Potamus Holdings is based in Boston, and SBI Holdings is based in Tokyo.
The terms of the deal were not disclosed.
Potamus Trading operates a platform that provides algorithmic execution services to buy-side institutions. It aims to lower execution costs by combining high-frequency execution with mid- and low-frequency institutional orders. It offers transparency through reviews of execution quality via a variety of metrics.
Kristin Linnell, Managing Partner of Potamus Trading, said, “We are excited to partner with SBI, who shares our vision of delivering conflict free execution to buy-side asset managers. We look forward to leveraging SBI’s considerable resources and expertise as we expand our global reach.”
Yoshitaka Kitao, Representative Director, President and CEO of SBI, added, “SBI is dedicated to creating a new financial ecosystem and our investment in Potamus underscores our commitment to bringing financial innovation to the equity markets worldwide. We are confident in Potamus’ smart technology and its ability to disrupt an outdated institutional equities business.”
Yesterday we reported on SBI Holdings launching a cryptocurrency exchange. It is the first major traditional financial institution to make such a move. The exchange is called VCTRADE and will initially only deal in XRP, the cryptocurrency of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based payment processor Ripple. It plans to add support for Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and Bitcoin Cash in the future.
It initially announced its intention to launch the exchange in October 2017.