Templum Announces Strategic Investment by SBI Holdings

BusinessWire
April 23, 2018

NEW YORK & TOKYO--(BUSINESS WIRE)--Templum, Inc. (“Templum”) today announced SBI Holdings, Inc. (“SBI”), Japan’s financial services company, has made a strategic investment in the company. The investment will fund the continuing development of the company’s subsidiary Templum Markets and its alternative trading system. The investment completes a $10 million fundraising round that includes an investment by the Raptor Group.

Templum Markets is a leader in facilitating the offering and secondary trading of digital assets offered as securities with a focus on investor protection and standardization. Templum will also use the new funding to continue to create valuable investor partnerships and to attract institutional and accredited investors to use Templum’s technology to purchase and sell securities tokens.

Chris Pallotta, Founder and Chief Executive Officer of Templum, said, “We are excited to have SBI’s support and expect this investment will result in an expanded relationship with this highly respected institution. SBI shares our mission to develop a secure trading platform for TAOs, and we look forward to partnering with SBI in Japan and across Asia in the future.”

Yoshitaka Kitao, Representative Director, President, and CEO of SBI Holdings, Inc. of SBI added, “We are committed to the development of a new financial paradigm and believe Templum is the best partner for the development of this new paradigm. This investment underscores our belief in Templum’s experienced team, technology, and vision for using blockchain technology to transact in digital assets as securities.”

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