What does SBI Digital Markets do?

Singapore-licensed SBI Group unit offering regulated tokenisation, custody and digital asset capital markets services.

Who are SBI Digital Markets's investors?

SBI Digital Markets's investors include SCB 10X.

SBI Digital Markets

Founded 2021 · 60 employees on LinkedIn · 1 known investors

SBI Digital Markets (SBIDM) provides regulated end-to-end capital market products for trading, managing, and securing digital assets. It serves public and private institutional clients and investors, connecting them to financial institutions and digital exchanges across Asia, Europe, and Switzerland.

Also known as SBIDM

Crypto & Web3 Fintech

Founders & leadership

Board

Yoshitaka KitaoRepresentative Director, President & CEO, SBI Holdings

Investors · 1

SCB 10XBangkok · $1.2M – $100M

Company profile

researched Aug 2026

SBI Digital Markets (SBIDM) is a digital asset capital markets business within Japan's SBI Group that provides a one-stop offering for trading, managing and securing digital assets for public and private institutional clients and investors. Its stated service lines are corporate advisory, tokenisation and issuance, digital custody, blockchain services and digital exchange connectivity, delivered as regulated end-to-end capital market products.

The company operates under a Capital Markets Services Licence awarded by the Monetary Authority of Singapore in September 2022, following an approval in principle received in May 2022. It has built a digital asset securities issuance platform for the Asia-Pacific region and a digital asset platform using Fireblocks for custody, and has participated in the MAS Project Guardian initiative, including a technical pilot with UBS Asset Management on a tokenised variable capital company structure and work on cross-border distribution of tokenised securities.

SBIDM's activity spans tokenised and structured products distribution, including a tokenised note on a UBS money market fund offered for subscription on the 21X venue, luxury wine structured notes launched in Korea and Thailand, a music intellectual property real-world asset transaction, and distribution of a physically deliverable bitcoin dual-currency note issued by Ericsenz Capital.

Business model

SBIDM provides regulated capital markets services to institutional clients, spanning corporate advisory, tokenisation and issuance of digital securities, digital custody, blockchain services and connectivity to digital exchanges.

Traction

Milestones include the MAS Capital Markets Services Licence (2022), participation in Project Guardian pilots with UBS Asset Management, a cross-border repo with a natively issued digital bond executed with UBS and DBS on a public blockchain (2023), a framework for cross-border distribution of tokenised securities (2024), a tokenised note on a UBS money market fund on 21X (2025), luxury wine structured notes in Korea and Thailand (2025), a music IP real-world asset deal (2026) and distribution of a physically deliverable bitcoin dual-currency note (2026).

Latest developments

Recent announcements include a strengthened partnership with Chainlink using the Chainlink Interoperability Standard (November 2025), a music intellectual property real-world asset transaction described as Asia's largest (February 2026), and distribution of Ericsenz Capital's physically deliverable bitcoin dual-currency note, described as an Asian first (June 2026).

▸Full profile — market position, technology, go-to-market, geography, history

Market position

Positioned as a regulated institutional digital asset markets provider within the SBI Group, holding a Singapore Capital Markets Services Licence and participating in MAS-led tokenisation initiatives alongside major banks and market infrastructure providers.

Combines a regulated Singapore licence and SBI Group financial backing with end-to-end coverage from issuance and tokenisation through custody and exchange connectivity, plus cross-border distribution corridors across Asia and Europe.

Technology

SBIDM operates a digital asset securities issuance platform built with Securitize and a digital asset platform using Fireblocks for digital asset custody, and works with public blockchain infrastructure and the Chainlink Interoperability Standard for interoperability between traditional finance and DeFi.

Go-to-market

The company distributes products and expands regionally through strategic alliances, partnerships and MOUs with financial institutions, technology providers and digital exchanges, and through regulator-led industry initiatives such as MAS Project Guardian; it has also made country-focused hires such as a Korea appointment in 2024.

Public and private institutional clients and investors, including financial institutions, securities firms and insurers seeking access to digital assets and tokenised securities.

Geography

Headquartered in Singapore with strategic alliances across Asia, Europe and Switzerland; commercial activity includes Korea, Thailand and Japan, and cross-border distribution corridors linking multiple exchange ecosystems.

History

SBI Digital Markets announced SCB 10X as a strategic investor in January 2022, received approval in principle for a Singapore CMS licence in May 2022 and was awarded the licence in September 2022. It subsequently launched issuance and custody platforms with Securitize and Fireblocks, joined MAS Project Guardian workstreams, and expanded into Korea and Thailand distribution, partnerships with 21X, CAT Financial Products, Kyobo Securities, Samara Alpha Management, Bracket and Chainlink.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.