SBI Crypto Investment announced it has made a strategic investment in Potamos Holdings, according to an official press release.
According to Finance Magnates, Potamus Holdings is the parent company of Potamus Trading, an important broker-dealer that offers trading infrastructure for its clients.
SBI Crypto Investment is a subsidiary company of SBI Holdings, a provider of inter-based financial services. At the moment, Potamus Holdings operates from Boston and SBI Holdings from Tokyo. It is important to mention that the terms of the deal were not disclosed and more information was not provided.
Potamos Trading provides algorithmic execution services to buy-side institutions. The platform will be combining high-frequency execution with mid and low frequency institutional orders. Additionally, they will be improving SBI’s business by expanding its global reach.
Kristin Linnell, managing Partner of Potamus Trading, said:
“We are excited to partner with SBI, who shares our vision of delivering conflict free execution to buy-side asset managers. We look forward to leveraging SBI’s considerable resources and expertise as we expand our global reach.”