Japanese financial giant SBI Holdings will launch a Web3 fund with a scale of 663 million USD within the year

According to ChainCatcher news reported by CoinPost, Japanese financial giant SBI Holdings will start operating a fund to invest in Web3, AI, and metaverse startups within this year. Each investment is expected to range from hundreds of millions to over a billion yen, with a total of 150 to 200 companies being invested in. The entire fund is expected to reach a maximum scale of 100 billion yen (approximately 663 million USD).
In addition, the fund will support local startups by inviting major Japanese banks and regional banks to invest, with Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Life Insurance, and Daiwa Securities Group having decided to invest over 50 billion yen in the fund.