SHIFT · APAC
SBI Group launches digital asset JV with Mesh Connect and Money Forward
Japan's State Bank of India subsidiary is forming a joint venture with crypto infrastructure provider Mesh Connect and fintech Money Forward to develop digital asset services. Signals major Japanese bank entry into regulated crypto/tokenization space.
WHY IT MATTERS
SBI's scale (60K+ employees, largest bank in India) legitimizes institutional digital asset infrastructure. Precedent for other mega-banks considering tokenization as core business line, not fringe experiment.
Source: Finextra · 2026-10-12