Coinspeaker
Chiliz Inks Strategic Partnership with SBI Digital Asset Holdings to Introduce Fan Tokens in Japanese Market

Chiliz (CHZ), a leading blockchain provider for sports and entertainment, has announced a strategic partnership with SBI Digital Asset Holdings Co Ltd (SBI DAH) to introduce fan tokens in the Japanese market. According to the announcement, both Chiliz and SBI DAH intend to establish a joint venture in Japan.

As a result, SBI DAH will become the first Japanese enterprise to search as a node operator on the Chiliz Chain. Ultimately, SBI DAH intends to acquire a stake in the Chiliz Japan Joint Venture. As Coinspeaker previously explained, SBI Japan has been working with other blockchain firms led by Ripple Labs.

According to Fernando Luis Vázquez Cao, the Chief Executive Officer of SBI DAH, the partnership with Chiliz will underpin its commitment to engaging web3 technology in the future.

“Technology is an enabler in the new world, and we are pleased to bring new experiences to the Japanese audience by working with strong players like Chiliz. The partnership between SBI DAH and Chiliz will bring together the...