Financial Services

Financial Services Arm of Japan’s SBI Group Invests in Crypto Wallet Creator

SBI Holdings, the financial services arm of the SBI Group, has bought a 40 percent stake in cryptocurrency hardware wallet maker CoolBitX.

CoolBitX, a Taiwan-based manufacturer of cool wallets – hardware devices used to store private keys to cryptocurrency assets in an offline environment, has now added a cryptocurrency hardware wallet maker to its existing portfolio of cryptocurrency businesses.

With this new development, CoolBitX is making efforts to expand its investment in the blockchain ecosystem, including both hardware and software. The exact amount of the investment wasn’t disclosed in the announcement by the Japanese financial firm.

In October 2017, SBI Holdings expressed plans to acquire cryptocurrencies directly through activities that include mining.

In 2016, the company also said it would launch Japan’s first bank-backed cryptocurrency exchange, which had later gained registration with the country’s financial regulator. However, according to recent reports, the plan for the official launch of trading has been delayed as a result of security fears.

CoolBitX technology is dedicated to the improvement of Bitcoin environment with easy, safe and cool technologies. Their goal is to make it easier for people to use Bitcoin. They believe in Bitcoin and look forward to its continuing success.

CoolBitX CoolWallet is a Bitcoin wallet that is also literally a wallet. Normally, cryptocurrency wallets only store electronically your coins, but this company wants to do it differently because it does not believe that it’s safe to keep all your cryptocurrencies stored online.

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