SBI Makes HashHub, a Virtual Currency Lending Business, a Consolidated Subsidiary

HashHub becomes a subsidiary of SBI

SBI Holdings announced on the 28th that it will acquire shares of HashHub, which operates a crypto-asset (virtual currency) lending business and a crypto-asset research report business, by entering into a share transfer agreement with HashHub’s existing shareholders and making it a consolidated subsidiary. .

After the share transfer is completed, the shareholding ratio is expected to be 100%. Even after the completion of the share transfer on March 31, 2011 (scheduled), Mr. Junya Hirano will continue to serve as HashHub’s representative director, and there will be no change in the management structure.

We would like to inform you that we have concluded a contract to operate HashHub under the SBI Group.
The details are as per the release, but we believe that we can deliver more value to users than ever before.
In addition, I will continue to devote myself to management under the new system. Thank you for your continued support of HashHub. https://t.co/XImB6VFntL

— Junya Hirano HashHub (@junbhirano) February 28, 2023

Founded in April 2018, HashHub borrows crypto assets from customers and operates “HashHub Lending”, a crypto asset lending business that utilizes platforms such as DeFi (decentralized finance), creating new assets in the Web3 era. offers the opportunity.

In addition, the research business “HashHub Research”, which distributes various reports related to crypto assets and Web3, has grown to be one of the largest in Japan. The number of corporate members is also steadily increasing.

Acquisition background

The background to the acquisition is the business foundation of “SBI VC Trade”, a crypto asset exchange service, the services of “Bitpoint Japan” and the NFT marketplace operator “SBINFT”, and the extensive knowledge of “HashHub”. He emphasized that mutual utilization can be expected to create various synergies.

On the 14th of this month, we just announced the acquisition of all shares of “Bitpoint Japan” and making it a 100% consolidated subsidiary. In December 2020, it acquired TAOTAO, which operates a crypto asset exchange, through its subsidiary SBI Liquidity Market, making it a wholly owned subsidiary.

connection:SBIHD Makes Domestic Exchange Operator Bitpoint Japan a 100% Consolidated Subsidiary

In December last year, the company announced an agreement to acquire the company’s shares by underwriting a capital and business alliance with gumi and a third-party allotment of new shares to be implemented by gumi. On the 28th of this month, SBI VC Trade announced a business tie-up with Turingham, accelerating acquisitions and tie-ups with Web3-related companies.

SBI and Square Enix form a capital and business alliance with gumi, strengthening blockchain game development, etc.

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