SBI Holdings, Mesh Connect Inc., and Money Forward Inc. reached a basic agreement October 7, 2026 to establish Mesh SBI Money Forward Network KK in Japan. The JV aims to facilitate digital asset purchases, transfers, and payments via API connectivity and build on-chain payment infrastructure.
Establishment is targeted for 2026, subject to definitive agreements, internal approvals, and regulatory engagement. Planned capital: 100 million yen. Shareholding: Mesh 60%, SBI Group 26%, Money Forward 14%. Business focus: expansion of crypto-asset service provider (CASP) operations in Japan, primarily serving the Japanese market.
Mesh provides API-based connectivity linking exchanges, wallets, and payment services. SBI contributes financial infrastructure and regulatory experience; Money Forward participates as an existing Mesh shareholder with management support for Japan expansion.