Sumitomo Mitsui Financial Group

 
Sumitomo Mitsui Financial Group header

Sumitomo Mitsui Financial Group

Japan, Tokyo
2002
Year of establishment

Funding

Investments
1
Rounds
1
Total amount of profiles
 
Name
Industries
Use cases
Total raised
Last funding round date

News

Sumitomo Mitsui Financial completes investment in SBI R3 Japan

In mid-August Sumitomo Mitsui Financial Group, the holding company of SMBC, completed the deal to acquire a 14% stake in blockchain firm SBI R3 Japan. SBI Holdings still has a 51% stake (previously 60%) and R3 has 35% (formerly 40%). SBI claims to be the largest outside shareholder in R3. The joint venture plans to...


9 months ago


Investment
Sumitomo Mitsui Financial Group
SMBC
R3

Sumitomo Mitsui Financial Group Takes 14% Stake in SBI R3 Japan

SBI Holdings now has a 51 per cent in the joint venture, R3 retains a 35 per cent stake.


9 months ago


Investment
Sumitomo Mitsui Financial Group
R3

SMBC joins two blockchain trade finance consortia komgo, Contour

Today, Sumitomo Mitsui Financial Group (SMBC) announced that it’s joining two blockchain trade finance consortia, komgo and Contour. Both networks currently focus on Letters of Credit. While open account trade finance gained market share for many years, there was a turnaround in 2019 that saw a 6% growth in documentary trade finance revenues, which include Letters of Credit (LC), according...


10 months ago


Partnership
Komgo
Contour (f.k.a. Voltron)
Sumitomo Mitsui Financial Group

Japan’s SMBC may invest in blockchain venture SBI R3

Last week, SBI Holdings announced it signed an MoU with Sumitomo Mitsui Financial Group (SMBC) to discuss the sale of shares of SBI R3 Japan. SBI R3 is a joint venture (JV) between SBI Holdings and enterprise blockchain firm R3 to push the adoption of the Corda blockchain technology in Japan. In 2019, the two...


a year ago


Investment
Partnership
SMBC
Sumitomo Mitsui Financial Group
R3