SBI Group Announces Merger of SBI VC Trade and SBINFT to Strengthen On-chain Financial Services
📋 Article Processing Timeline
- 📰 Published: May 16, 2026 at 01:00
- 🔍 Collected: May 15, 2026 at 16:32
- 🤖 AI Analyzed: May 15, 2026 at 16:36 (4 min after Collected)
SBI Group will merge its crypto exchange subsidiary SBI VC Trade with its NFT platform arm SBINFT, effective July 1, 2026. This strategic move aims to integrate resources and enhance efficiency as the NFT market shifts toward real-world assets (RWA) and on-chain technologies. While the NFT marketplace 'SBINFT Market' will terminate service on June 30, the marketing platform 'SBINFT Mits' will continue under the new entity to provide comprehensive blockchain solutions for businesses.