SBI VC Trade and Convano Launch Strategic Partnership for Bitcoin Services

SBI VC Trade and Convano Collaboration

SBI Holdings, a leading financial group based in Tokyo, has announced a significant partnership between its subsidiary, SBI VC Trade, and Convano, a company listed on the Tokyo Stock Exchange with its headquarters in Shibuya, Tokyo. This collaboration aims to provide exclusive services for large clients, enhancing the handling of Bitcoin transactions, custody, and operational support through the newly introduced service called "SBIVC for Prime."

Background of the Collaboration

Convano is committed to establishing itself as a "WEB3 platformer" from Japan, implementing a strategic plan called the "21,000 Bitcoin Financial Supplement Plan". Under this initiative, they aim to strategically hold 21,000 BTC by the end of March 2027. With this partnership, Convano intends to elevate its Bitcoin transaction, custody, and management processes significantly.

As part of the collaboration, SBI VC Trade is focusing on enhanced support for crypto asset transactions, custody, and operations, as well as businesses related to Web3. The partnership stands on three core pillars that were particularly evaluated positively:

1. Safety and Security: Being a subsidiary of SBI Holdings, listed on the Tokyo Prime Market, SBI VC Trade adheres to domestic regulations and is legally registered to provide crypto asset exchange services.

2. Variety of Purchase Options: Leveraging its global network, SBI VC Trade partners with major market makers like B2C2 in the UK, offering special spread for OTC trades and options to transact crypto assets at desired prices while ensuring premium cash receipts.

3. Exemption Service for Corporate Clients: This service allows corporate clients to avoid capital gains taxes on crypto assets under specific conditions, like applying a transfer restriction for over a year. Clients can continue to earn staking rewards, with reduced fees from 25% to 10%.

Understanding SBIVC for Prime

Through SBIVC for Prime, SBI VC Trade aims to provide comprehensive support for organizations engaging in crypto asset trading and management. The service promises a secure and efficient framework for clients who wish to maneuver in the volatile crypto landscape with confidence.

For more information, businesses can visit SBIVC for Prime and understand the crypto assets for legal entities here.

Introducing Convano

Convano operates with the philosophy of "creating new value and expanding opportunities," focusing primarily on nail service chains like the FASTNAIL brand to enhance the quality of life for consumers. By strengthening its Bitcoin holding business, Convano aims to bolster its long-term corporate value, utilizing its operational abilities, customer base, and digital marketing know-how developed through FASTNAIL.

More on SBI VC Trade

SBI VC Trade is focused on becoming a leading player in the field of crypto assets, promoting the slogan "Crypto Assets, SBI." As part of the SBI Group, Japan's largest comprehensive online financial group, it provides a full lineup of services for cryptocurrency transactions. With an emphasis on customer-centric innovation, SBI VC Trade offers a secure trading environment that goes beyond simple buying and selling of crypto assets, incorporating operational services and introducing stablecoins like USDC in the Japanese market for the first time.

Discover more about SBI VC Trade's services on its official site: SBI VC Trade and follow their updates on X (formerly Twitter) at SBI VC Official.

Closing Remarks

In adherence to the customer-centric philosophy championed by the SBI Group, both SBI VC Trade and Convano aim to deliver services rooted in consumer perspective and feedback. As they progress with their collaboration, they look forward to continued patronage and support.

Note on Cryptocurrencies and Electronic Payment Instruments: Unlike fiat currencies like the Japanese Yen or US Dollar, cryptocurrencies are not guaranteed by any government body, and their values can fluctuate significantly, leading to potential losses for investors. Users should always keep in mind the risks associated with using crypto-assets and digital payment methods and consult the necessary disclosures before engaging in transactions.