Oasys partners with Japanese TradFi giant SBI Holdings to push blockchain gaming Oasys partners with Japanese TradFi giant SBI Holdings to push blockchain gaming
Oasys and SBI Holdings aim to expand blockchain technology use cases in Asia's booming gaming industry.
2 min read
Updated: Aug. 29, 2024 at 6:55 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Oasys, a blockchain platform specializing in the gaming industry, announced a strategic partnership with Japan’s financial conglomerate, SBI Holdings, according to an Aug. 29 press release.
The partnership includes a financial investment from SBI Holdings, which will be used to increase the liquidity of Oasys’ native OAS tokens and support the continued expansion of its blockchain ecosystem.
Financial details of the deal were not disclosed as of press time.
Triple A blockchain games
Oasys has previously collaborated with SBI Holdings on various initiatives, including the listing of OAS tokens on SBI VC Trade and integration with the SBINFT Market.
The latest partnership seeks to further strengthen these ties, enabling Oasys to scale its operations and improve the infrastructure needed to support the launch of multiple blockchain-based games scheduled for release later this year.
The games have been developed in collaboration with prominent gaming companies such as SEGA and Ubisoft, which also serve as validators on the Oasys platform, in an effort to create “Triple A” web3 games.
The new alliance with SBI Holdings is expected to further cement the network’s position, enabling Oasys to leverage the TradFi giant’s extensive experience and network in the crypto and blockchain sectors.
SBI Holdings CEO and chairman Yoshitaka Kitao commented on the collaboration, noting that Oasys is positioned as a promising project within the gaming industry, particularly in Asia. He added:
“We believe this partnership will expand the use cases for blockchain technology, particularly in the gaming sector.”
SBI and blockchain
SBI Holdings, a major Japanese financial conglomerate, has been deeply involved in the crypto and blockchain sectors for several years. The TradFi giant has played a significant role in expanding blockchain applications, particularly in financial services and gaming, through strategic partnerships and investments.
The company’s engagement began with early investments in prominent blockchain projects like Ripple in 2016 and R3 in 2017. The firm has also developed its own crypto exchange, SBI VC Trade, and launched an NFT platform.
SBI’s involvement also extends to developing new financial products, such as cryptocurrency-based investment funds. The company recently partnered with Franklin Templeton to create a crypto exchange-traded fund (ETF) management company, indicating its ongoing commitment to integrating digital assets into traditional financial services.
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Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.
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