SBI Holdings, Mesh Connect Inc. and Money Forward have reached a basic agreement to establish a joint venture, with formation targeted for sometime in 2026. The planned entity, Mesh SBI Money Forward Network KK, will have registered capital of JPY 100 million. Mesh is set to hold 60%, while SBI Group and Money Forward will own 26% and 14%, respectively. According to the announcement, the company will focus on infrastructure for digital asset purchases, transfers, payments and on-chain settlement. Its planned business scope also includes expanding crypto-asset service provider, or CASP, operations into Japan, while offering account connectivity across exchanges, wallets and payment services, as well as digital asset transfer and stablecoin payment services. The update was published by Techub News and cited Wu Blockchain.
SBI Holdings, Mesh Connect Inc. and Money Forward said they have reached a basic agreement to establish a joint venture, with the company expected to be set up in 2026.
The planned entity will be named Mesh SBI Money Forward Network KK and will have registered capital of JPY 100 million. Mesh will hold a 60% stake, while SBI Group and Money Forward will own 26% and 14%, respectively.
Planned scope of business
The joint venture is intended to build infrastructure for digital asset purchases, transfers, payments and on-chain settlement.
Its business scope will also include expanding crypto-asset service provider, or CASP, operations into Japan, and providing account connectivity across exchanges, wallets and payment services, along with digital asset transfer and stablecoin payment services.
The item was published by Techub News and cited Wu Blockchain as the source.
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