SBI Holdings invested $ 15 million in a bitcoin wallet BRD

Japanese giant SBI Holdings invested $ 15 million in a mobile cryptocurrency wallet BRD during a round of financing for Series B, reports The Block .

Representatives of a San Francisco-based startup said that the funds would help expand services to Asian countries.

“The investment from the SBI Group will allow BRD to firmly establish itself in the Asian market ,” said Adam Trademan, the CEO and co-founder of the startup.

The company also intends to expand its presence in European countries, competing with the giant cryptoindustry blockchain.com. In particular, BRD has entered into a partnership with the cryptocurrency operator Coinify, which will allow the company to offer its services in 34 European countries.

Earlier, a startup managed to raise $ 32 million during the initial offer of coins (ICO). BRD Token, representatives of a startup say, provides discount holders and other preferential terms. Also at the very beginning of its life cycle, the company managed to attract $ 1 million of seed investments.

Currently, the BRD wallet is used by about 1.8 million people worldwide. During the last year, the growth of the user base was 116%.

The investment portfolio of fintech and blockchain startups SBI now looks like this:

Data: The Block

Earlier, BlockchainJournal reported that the VCTRADE cryptographic service from SBI Holdings began to accept deposits in Bitcoin, Ethereum and XRP.

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