Standard Chartered-backed SC Ventures and SBI to form a joint venture in a $100m deal.

Standard Chartered-backed SC Ventures, a vebture capital firm, and SBI, a financial conglomerate, agreed to form a joint venture in a $100m deal. “The region is fast becoming a hub for fintechs in the digital asset space due to its strengthening infrastructure and talent. The Digital Asset Joint Venture will be an important vehicle to explore the emerging digital asset ecosystem opportunities globally. The Joint Venture will leverage SC Ventures’ experience in digital assets through our ventures such as Zodia Custody and Zodia Markets, and through our investments in fintechs like Ripple and Metaco,” Alex Manson, SC Ventures CEO.