Japan's SBI Crypto Firm Considers Partnership with Saudi Aramco
Japanese crypto firm SBI Holdings has signed a basic agreement for a business partnership with the $2 trillion oil giant Saudi Aramco . The Japanese firm has said it is considering a partnership with the Saudi oil company. According to a Dec. 11, 2023 report, the partnership will include the construction of semiconductor factories in territories of Japan and Saudi Arabia. Moreover, the deal will involve co-investing in each other’s digital asset portfolios, including crypto. Also Read: Top 3 Cryptocurrencies to Watch This Week The collaboration will involve three parts. First will be the cooperation and mutual investments in the crypto currency field. The second will include discovering and supporting Japanese crypto start-ups interested in expanding to Saudi Arabia. And thirdly, the launch of projects related to semiconductors. Is the Japanese crypto firm bullish on the Middle East? Source: The Block The Middle East has emerged as one of the most friendly regions ...