Oasys, a blockchain platform focused on the gaming industry, has announced a strategic partnership with Japanese financial conglomerate SBI Holdings, according to an August 29 press release.
The partnership includes a financial investment from SBI Holdings, which will be used to increase the liquidity of Oasys’ native OAS tokens and support the continued expansion of its blockchain ecosystem.
Financial details of the deal were not disclosed at press time.
Triple A Blockchain Games
Oasys has previously collaborated with SBI Holdings on various initiatives including the listing of OAS tokens on SBI VC Trade and integration with the SBINFT marketplace.
The latest partnership aims to further strengthen these ties, allowing Oasys to expand its operations and improve the infrastructure needed to support the launch of several blockchain-based games slated for release later this year.
The games were developed in collaboration with leading gaming companies such as SEGA and Ubisoft, who also serve as validators on the Oasys platform, with the aim of creating “Triple A” web3 games.
The new alliance with SBI Holdings is expected to further consolidate the network’s position, allowing Oasys to leverage TradFi giant’s extensive experience and network in the crypto and blockchain sectors.
Yoshitaka Kitao, CEO and President of SBI Holdings, commented on the collaboration, noting that Oasys is positioned as a promising project within the gaming industry, particularly in Asia. He added:
“We believe this partnership will expand the use cases of blockchain technology, particularly in the gaming industry.”
SBI and blockchain
SBI Holdings, a major Japanese financial conglomerate, has been deeply involved in the crypto and blockchain sectors for several years. The e-commerce giant has played a significant role in the expansion of blockchain applications, particularly in financial services and gaming, through strategic partnerships and investments.
The company’s commitment began with early investments in leading blockchain projects like Ripple in 2016 and R3 in 2017. The company also developed its own cryptocurrency exchange, SBI VC Trade, and launched an NFT platform.
SBI’s involvement also extends to the development of new financial products, such as cryptocurrency-based investment funds. The company recently partnered with Franklin Templeton to create a cryptocurrency exchange-traded fund (ETF) management company, demonstrating its continued commitment to integrating digital assets into traditional financial services.
