Stablecoins

SBI buys 20% stake in Indonesia's Ajaib for $270 million to expand yen stablecoin in Southeast Asia

CoinDesk1h agoUpdated 8m ago
SBI buys 20% stake in Indonesia's Ajaib for $270 million to expand yen stablecoin in Southeast Asia
Smart Read

The Japanese financial giant is acquiring a 20% stake in the Indonesian online brokerage to build a cross-border, blockchain-based settlement network.

Discussion

Related stories

CryptoSlate

JPMorgan’s IBIT Bitcoin ETF bet just missed its escape hatch to avoid 6% deduction

IBIT’s published Aug. 26 close left investors in unlisted debt while preliminary terms layer on SOFR-linked financing. The post JPMorgan’s IBIT Bitcoin ETF bet just missed its escape hatch to avoid 6% deduction appeared first on CryptoSlate.

The Block

SBI Holdings invests $270 million in Ajaib, taking 20% stake amid Asia digital asset push

Ajaib offers crypto and stablecoins alongside traditional investments, including OTC settlement services for institutional clients.

Decrypt

Morning Minute: Solana Jumps with Network Inflation Set to Drop

Two majors proposals are set to pass, its leading DATs are back, and Schwab is offering SOL to its clients—quite the setup for Solana.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.