RATE Group | SBI Group subsidiary teams up with Northern Data to develop its own blockchain
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SBI Group subsidiary teams up with Northern Data to develop its own blockchain

15 Feb SBI Group subsidiary teams up with Northern Data to develop its own blockchain

Posted at 12:56h in Cryptocurrency News by

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SBI Crypto, a company wholly-owned by Japan’s SBI Group, recently announced a partnership with Northern Data. The goal of the team-up is the development of SBI Crypto’s own blockchain. The firm will also be among the companies that are to be hosted in Northern Data’s facilities based in Texas.

According to what is known, the two companies
plan to work on multiple projects pertaining to software development and
infrastructure of blockchain technology.

What do the firms gain from the
partnership?

As some may know, Northern Data was formed
through another partnership between Northern Bitcoin AG and Whinestone US Inc.
Now, through the partnership with Northern Data, SBI Crypto will get direct
access to its parent firms, and it will collaborate with Whinstone US Inc., as
well. But, SBI Crypto also has additional plans for Northern Data, as it is
uniquely positioned for equity participation.

The new partnership actually did not come as
suddenly as it may seem. The process that…

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