SBI to Launch First Bank-Backed Digital Currency Exchange

A Japanese financial services group is set to launch the first bank-backed digital currency exchange.
While the launch date was not disclosed, SBI said it would officially from the company next month and will provide future updates as to the specific kinds of services the exchange will offer.The new company will be headquartered in Tokyo.
The plan represents what is perhaps SBI's most aggressive move in digital currency and blockchain space to date.
SBI Holdings took part in Ripple's $55m Series B Funding round earlier this,and also invested in bitFlyer,a Japanese bitcoin exchange,through its venture capital subsidiary.SBI previously announced that it was working with Ripple to create a joint venture.