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SBI Holdings to Launch $663 Million Fund to Invest in Web3 and AI

Japanese financial powerhouse SBI Holdings is gearing up to launch a $663 million fund dedicated to Web3, AI and other fintech startups, as reported by Nikkei Shimbun. SBI Holdings fund, which will invest in 150-200 companies, is expected to commence operations by the end of this year. The investment scale is expected to be robust, ranging from hundreds of millions to billions of yen per project. This ambitious fund is anticipated to reach a substantial 100 billion yen, with key contributions already confirmed from prominent financial institutions. In a nation where venture capital (VC) funds of this magnitude are relatively scarce, this financial injection carries immense significance.

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