Japan's Crypto Gamble: What SBI Holdings' $125 Million Bet on Gauntlet Says About the Future of Finance The recent $125 million investment by Japanese financial giant SBI Holdings in DeFi startup Gauntlet has sent ripples through the crypto and fintech communities.
This investment marks one of the largest infusions of capital into Gauntlet since its founding in 2018, a testament to SBI's reputation as an active institutional investor in digital assets.
With a valuation north of $10 billion on the Tokyo Stock Exchange, SBI has already made significant bets on other crypto protocols, including Morpho and Arc.