SBI Digital Asset and Chiliz Partner to Launch Sports Fan Tokens in Japan

BlockBeats reported that on May 9, SBI Digital Asset Holdings, the crypto asset division of Japanese securities and banking giant SBI Holdings, announced a partnership with sports blockchain provider Chiliz to expand Japan's sports fan token ecosystem.

The two parties said they plan to establish a joint venture in Japan to provide local fans with fans of well-known football clubs such as Manchester City and AC Milan. The joint venture aims to provide Japanese fans with token-based sports experiences and rewards, including match-day activities and voting rights on fan-related decisions.