Chiliz, a leading blockchain provider for sports and entertainment, and SBI Digital Asset Holdings Co., Ltd. (SBI DAH), the digital asset division of SBI Holdings, have announced plans to establish a Joint Venture (JV) in Japan. This collaboration will give Japanese sports fans unprecedented access to tokens from renowned football teams such as AC Milan, Arsenal, Manchester City, FC Barcelona, Inter Milan, and Paris Saint-Germain, among others.
The Chiliz Group is comprised of Socios.com, the world’s largest Web3 wallet and fan engagement platform, which currently boasts a membership of over two million users. Additionally, it has released more than 70 Fan Tokens for various sports organizations worldwide, resulting in over 250,000 unique engagements daily.
This strategic alliance represents a breakthrough moment in combining blockchain technology with fan communities. The JV will provide Japanese fans with unparalleled opportunities to buy and sell fan tokens of their favorite teams. Through these tokens, sports enthusiasts can connect with supporters from around the globe, enjoy special incentives, and participate in fan-focused decisions.
With the establishment of this joint venture, Chiliz will integrate the business into its global operations and network, allowing Japanese fans to join fan groups worldwide. The SBI group, which serves over 50 million individuals, will provide support in this endeavor.
In addition to the JV, SBI DAH will become a Chiliz Chain node operator, granting them a significant role in managing the ecosystem. Chiliz Chain is the preferred blockchain technology for sports fans and entertainment businesses to create Web3 products, experiences, and services. Through the joint efforts of Chiliz and SBI DAH, the Chiliz Chain will be positioned as the go-to blockchain solution for Japanese businesses and developers, enabling them to create Web3 products and experiences for entertainment and sports brands.
SBI DAH CEO Fernando Luis Vázquez Cao expressed his excitement about this collaboration, stating, “We believe that this Joint Venture will revolutionize the Japanese sports scene, bringing together the communities of the world’s best sports teams.”
Chiliz CEO Alexandre Dreyfus commented on the high daily trading volumes of Chiliz’s Fan Tokens, which have surpassed $300 million in 24 hours and are listed on 21 third-party exchanges, including major platforms worldwide.
With the joint venture between SBI DAH and Chiliz, the potential to transform the Japanese sports scene is immense.