Cboe Global Markets (Cboe) has signed a memorandum of understanding (MoU) with internet financial service provider SBI Holdings (SBI).
The MoU foregrounds potential resource and information exchange between the two companies, preparing for future joint business initiatives in areas such as equities and digital assets.
Through the understanding, Cboe and Cboe Japan, the company’s Japanese equities market, will be able to expand its APAC presence and gain access to a number of investors. In turn, SBI will be able to further develop its global distribution network through the use of Cboe’s equities and digital assets knowledge.
Ed Tilly, CEO and chairman of Cboe, says: "SBI's diverse business across financial services, including its leadership position in Japanese equities, will provide the opportunity for Cboe to expand our presence in the region, bringing innovative technology, products and services to even more investors.
“Our recent expansion into digital assets through Cboe Digital, a market and clearinghouse, will provide SBI the opportunity to grow its global network for providing products and services in the digital asset space."
Yoshitaka Katao, representative director, CEO and president of SBI, adds: "The chemistry between the two companies will bring about new waves of changes to the Japanese financial market and promote regulatory reforms in Japan that will benefit investors in Japan and ultimately contribute to solving the long-standing social issue of 'shifting from savings to investment'."
