The purchase is valued at approximately $1.6 billion and likely to become the biggest foreign investment in an Indian bank till date.
SMBC receives RBI approval to acquire up to 24.99% stake in YES Bank
Sumitomo Mitsui Banking Corporation approved to acquire up to 24.99% of YES Bank, becoming largest shareholder.
RBI Greenlights Japan’s SMBC Buying Nearly 25% Stake in Yes Bank
The approval, conveyed through a letter dated August 22, will remain valid for one year. Notably, the central bank clarified that SMBC will not be categorised as a promoter after the investment ...
Japan’s SBI forms new crypto ties with Circle, Startale, and Ripple
Japan’s SBI Holdings announces new crypto ventures with Circle, Startale, and Ripple to expand stablecoin and tokenized asset markets.
Ripple’s $666M RLUSD stablecoin to launch in Japan in 2026 with SBI Holdings
Ripple is preparing to expand its stablecoin operations into Asia by introducing its dollar-backed token, Ripple USD (RLUSD), to the Japanese market in early 2026. The move comes through a strategic ...
VanEck fires off crypto ETF bid after surprising SEC shift
VanEck, a global investment management firm, filed a form S-1 with the Securities and Exchange Commission (SEC) on Aug. 22 to launch a spot exchange-traded fund tied to JitoSOL, a Solana -based liquid staking token (LST).
Kraken’s global head of policy discusses importance of U.S. crypto market structure regulation
Speaking with CNBC Crypto World at the Wyoming Blockchain Symposium, Jonathan Jachym, global head of government affairs and policy at Kraken, discusses regulatory advancements for crypto and the impact on the crypto exchange.
Ripple partners with SBI Holdings to distribute RLUSD stablecoin in Japan
Ripple and SBI Japan have inked a memorandum of understanding to launch and distribute Ripple USD in Japan starting early 2026.
Crypto traders bet on 80% chance of rate cut in September
Traders on Polymarket, the crypto-based prediction market, think there is an 81% chance of the Federal Reserve lowering interest rates by 25 basis points in September. As per Polymarket traders, there ...
SBI enters deals with Circle, Startale, and Ripple as Japanese bank forms crypto ties
Japan’s SBI Holdings is expanding its crypto footprint through partnerships with blockchain firms Circle, Startale, and Ripple. The financial giant said it will develop new platforms for tokenized ...
Ripple, SBI Group to Roll Out RLUSD in Japan
Ripple, a leader in enterprise blockchain, has partnered with SBI Holdings and its subsidiary SBI VC Trade Co., Ltd. to distribute Ripple USD (RLUSD) in Japan.
Apple’s latest security update directly hits crypto users
Apple urges users to immediately update their devices. Here is how it impacts crypto users. Apple (Nasdaq: AAPL) has issued an alert to its users, urging them to update their devices to address a zero ...
Analyst boosts rallying crypto stock’s target by 50%
Analysts at the brokerage firm Bernstein have raised the price target for Robinhood Markets (Nasdaq: HOOD) by more than 50%. Bernstein analysts, led by Gautam Chhugani, raised the price target from ...
Japan’s Nikkei down for third straight session
TOKYO: Japan’s Nikkei share average fell for a third session on Thursday as investors sold stocks to book profits from a recent rally, with technology stocks tracking US peers lower. The Nikkei ...
Hyatt Centric to make Osaka debut in 2031
Hyatt Hotels has announced that a Hyatt affiliate has reached a management agreement with Kanden Realty & Development to bring the first Hyatt Centric hotel to the Japanese city of Osaka. Slated to ...
Eric Trump plans to visit Japan in September for crypto push
He plans to attend a shareholder meeting of Japanese Bitcoin treasury firm Metaplanet Inc on Sept 1. Read more at straitstimes.com. Read more at straitstimes.com.