SBI Holdings is a financial services group with businesses spanning securities, banking, insurance, asset management and venture investing with a market capitalization of about $11 billion. The Tokyo-based company is one of Japan’s most active traditional-finance participants in digital assets, with stakes and partnerships across crypto trading, liquidity, tokenization, stablecoins and blockchain-based settlement. Bitbank is one of the country’s largest licensed cryptocurrency exchanges, offering spot trading, custody and other digital-asset services to retail and institutional clients.Cheaper, quicker to buyCrypto mergers and acquisitions have remained brisk in 2026 as banks, payments firms and exchanges race to build regulated digital asset businesses…

Tether has expanded the use of its $23 billion gold reserves by bringing its tokenized product Tether Gold (XAUT) to crypto lender Ledn.Ledn said it is adding support for XAUT, alongside bitcoin BTC$60,741.45 and Tether’s stablecoin USDT, with borrowing against XAUT expected later this year.Tether is attempting to monetize what has become one of the world’s largely privately held gold reserves. The stablecoin company says it holds around $23 billion worth of physical bullion backing XAUT, with each token representing one troy ounce of gold stored in vaults in Switzerland.Gold-backed lending is traditionally the realm of central banks, major financial…

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