On Thursday, SBI Digital Asset Holdings, the crypto asset arm of Japanese securities and banking giant SBI Holdings, announced a partnership with sports blockchain provider Chiliz to expand Japan's sports fan token ecosystem.
The two parties said in a statement that they plan to establish a joint venture in Japan to provide local fans with tokens of popular football clubs such as Manchester City and AC Milan.
SBI Digital Asset CEO Fernando Luis Vázquez Cao said: "The collaboration between SBI DAH and Chiliz will bring together the best-in-class capabilities of traditional finance and Web3, using fintech innovation to transform the community's sports and entertainment experience." (The Block)