This strategic partnership aims to increase the liquidity of Oasys’ native token while strengthening SBI’s position in the Web3 gaming space. According to a press release shared with Cointelegraph on August 23, as part of the partnership, SBI Holdings completed a successful financing round to increase Oasys’ token liquidity.

Yoshitaka Kitao, representative director, president and CEO of SBI Holdings, stated that they aim to further expand the usage areas of blockchain technology through this partnership.

Kitao said, “Oasys is an extremely promising blockchain project from Japan specifically designed for gaming use. “From its inception, it has included several world-renowned major game development companies as early validators,” he said.

Oasys cooperates with important gaming companies that contribute to the development of blockchain games planned to be released towards the end of 2024.

This partnership also includes the integration of the Web3 gaming platform with SBI VC Trade and SBINFT Market. These integrations mark growing strategic relationships and collaboration between the two organizations.

Tomohiko Kondo, representative director and CEO of SBI VC Trade, said Oasys is one of Japan’s “most anticipated” Web3 projects and that SBI’s investment in double jump.tokyo, the master developer of the Oasys chain, increases the synergy potential .

“As more game launches occur on Oasys, our conglomerate is now in a position to serve the interests of both parties,” Kondo said.

Kondo emphasized that SBI believes that supporting Oasys will contribute to the growth of the Web3 industry in Japan.

The firm plans to collaborate closely between Oasys and various group companies and functions within the SBI Group to accelerate Oasys’ growth. Additionally, this collaboration aims to develop strategies that will encourage Oasys’ growth.

These developments are considered as part of SBI Holdings’ strategic steps in the field of cryptocurrency and blockchain. On July 26, SBI Holdings partnered with Franklin Templeton, a major global asset management firm, to launch a cryptocurrency exchange-traded fund management company.

The parties signed a memorandum of understanding to approve the joint venture and announced that they would offer investment opportunities to “a new generation of investors” through this new Japanese asset management firm.

SBI’s broad reach aligns with Templeton’s commitment to helping investors, said Jenny Johnson, president and CEO of Franklin Templeton. While this collaboration offers great opportunities for both SBI Holdings and Franklin Templeton, it aims to contribute to the development and liquidity of Oasys.

This partnership between SBI Holdings and Oasys could increase the global impact of blockchain and Web3 projects in Japan and provide broader opportunities for investors.