SBI Backs Token Exchange Templum’s $10 Million Funding Round

SBI Holdings, the venture capital arm of Japanese financial giant SBI Group, has added a stake in token trading platform Templum to its cryptocurrency portfolio companies.

New York-based Templum announced Wednesday that it had gotten backing from SBI, thereby completing a $10 million round of financing. In October, the startup revealed that it had raised $2.7 million in funding from a group of investors that included Raptor Group, Galaxy Investment Partners, Blockchain Capital and firstminute.capital. Templum is seeking to build a regulation-compliant platform for the sale and trade of digitized assets and securities.

According to Templum, the new fund will be used to further develop its services and alternative trading platform…

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