SBI Holdings, one of Japan’s largest fintech groups, has joined forces with Mesh Connect and Money Forward to develop digital asset connectivity and payment infrastructure through a planned Japanese joint venture, according to an Oct. 7 statement.
The companies have reached a basic agreement and plan to establish the venture in 2026, subject to definitive agreements, internal approvals and regulatory engagement. Mesh Connect will hold a 60% stake, followed by SBI Group at 26% and Money Forward at 14%, as noted in the release.
