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The Venture Codex

SBI Group

19F Izumi Garden Tower, 1-6-1 Roppongi, Tokyo, Minato-ku, 106-6019, Japan

Overview

SBI Group aims to become a corporate entity that provides a variety of one-stop financial services over the Internet now that two major events, the Financial Big Bang resulting from deregulation, and the Internet Revolution resulting from IT innovation, have radically transformed the financial industry.

Total investments
80
Lead investments
34
Investments · 12mo
17
Active investors
6

Sector focus

  • Asset Management
  • Finance
  • Financial Services
  • Insurance
  • InsurTech
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Investment portfolio

  • Fasset

    Led · Equity · Aug 2026

    Fasset operates a stablecoin-powered banking and payments platform that moves money across more than 50 corridors spanning Asia, Africa and the Middle East. The company serves over 1,000 small and medium-sized businesses across 125 countries and processes more than $32 billion in annualized transaction volume. It emphasizes Shariah-compliant digital banking and custody, and has built proprietary infrastructure branded as "Own Network" for stablecoin payments. Fasset has launched product partnerships such as a gold-backed neobanking card tied to tokenized assets with USDT issuer Tether. With the $51 million Series B, the firm plans to expand into new markets and develop lending and trade finance products for its SME customers. The company positions itself as part of a wave of fintechs rebuilding cross-border payments on blockchain and dollar-backed stablecoin rails.

  • NOT A HOTEL

    Led · Series D · Aug 2026

    Founded in April 2020 and based in Chuo-ku, Tokyo, NOT A HOTEL provides unique villa properties created with world-class architects and creators, combining dedicated mobility options (helicopter, cruiser) and personalized services. Its offerings blend architecture, technology, and hospitality to deliver integrated stay experiences and owner-centric services. The company is expanding beyond stays into mobility via its "NOT A GARAGE" shared-ownership mobility service and seeks to link movement and destination experiences. Financially, NOT A HOTEL completed a ¥16.5 billion Series D transaction (¥10.0B primary + ¥6.5B secondary) with strategic investors including TIP, SBI Group, Sequoia, and TT Lion Partners. Going forward, the company plans to use the capital and partnerships to accelerate existing business growth, improve owner experience, and explore purchaser financing options through SBI.

  • Gauntlet

    Led · Series C · Jul 2026

    Gauntlet builds quantitative risk-analysis and optimization tools that enable protocols, fintechs, and institutions to deploy capital safely in decentralized finance. Founded in 2018 by Tarun Chitra, the company manages over $1.5 billion in assets across its vaults and supports more than 150 fintech and institutional clients. Gauntlet offers infrastructure and analytics used by protocols to assess and optimize financial parameters and risks on-chain. With the new funding, the company plans to expand its stablecoin infrastructure and broaden coverage to regulated assets such as the Japanese yen and Mexican peso. It also intends to accelerate development of institutional on-chain products, including capabilities in AI-powered operations. The company’s stated focus is strengthening its existing infrastructure to support expanded stablecoin and institutional services.

  • EDX Markets

    Led · Series C · Jul 2026

    EDX Markets operates an institution-only trading venue paired with a central clearinghouse designed to offer deep liquidity, firm prices and low trading costs for institutional market participants. The firm has launched products such as EDX FlowConnect, a crypto-as-a-service offering, and has filed an application with the Office of the Comptroller of the Currency to establish EDX Trust, a proposed national trust bank for regulated custody, clearing and settlement. EDX positions its infrastructure to meet institutional demand by emphasizing resilience, transparency and risk management standards aligned with traditional financial markets. The company is backed by several leading trading and venture capital firms and is headquartered in Chicago. In July 2026 EDX completed a $76 million Series C led by SBI Holdings to fund expansion of trading, clearing and settlement capabilities, accelerate product development and scale global operations.

  • Digital Asset

    Participated · Series F · Jun 2026

    Digital Asset builds and operates the Canton Network, a public, permissionless Layer 1 blockchain that provides protocol-level privacy and confidentiality guarantees and runs applications written in its open-source smart contract language, Daml. Canton is designed to enable tokenized asset workflows across multiple parties while keeping transaction data confidential, and it has attracted marquee institutional participants including Visa, Goldman Sachs, and DTCC. The network has processed or issued more than $6 trillion in tokenized assets according to prior reporting, and Visa became a Canton Super Validator and added Canton to a stablecoin settlement pilot. The Canton ecosystem has also seen activity such as a $540 million raise by Canton Strategic Holdings (formerly Tharimmune) to build a Canton Coin treasury and a project called Zenith completing atomic swaps between Canton and an EVM-compatible environment. On the financing front, Digital Asset raised $135 million in June 2025 and $50 million in December 2025, and is now pursuing a roughly $300 million round led by a16z crypto. The company is backed by trading firms and banks including DRW Holdings and Citadel Securities.

Team