SBI Holdings, Inc. today announced its investment in Chainstack Pte. Ltd., a company providing blockchain nodes’ services, through SBI-Sygnum-Azimut Digital Asset Opportunity Fund.
Chainstack, founded in 2019 in Singapore, is a Web3 infrastructure provider that offers blockchain node services for enterprises and various dedicated tools for the developers. The services offered by Chainstack are fundamental to the implementation of blockchain technology and are characterized by their wide range of supported blockchain protocols and high cost-efficiency.
Moving forward, Chainstack is committed to improving user experience and optimizing operational costs by enhancing usability and automating processes. By doing so, they aim to further strengthen their position as a market leader in blockchain infrastructure and pioneer the future of blockchain technology.
The fund, jointly operated by SBI Ven Capital Pte. Ltd., a subsidiary of the SBI Group and Sygnum Pte. Ltd., engages in venture investments in Southeast Asia and Europe by leveraging the deep expertise in digital assets, financial services and fintech across the entire domain brought by the SBI Group and the Sygnum Bank Group, both pioneers in the field of digital assets, as well as their network across Asia and Europe.
The SBI Group has been committed to active investments in the blockchain and crypto-asset fields from the early stage, including the one in Ripple in 2016 and R3 in 2017.
