Japan's financial group SBI is exploring digital asset investment cooperation with Saudi Aramco and plans to establish "SBI Middle East."

ChainCatcher news, Japan's financial group SBI and energy company Saudi Aramco announced that they will explore potential cooperation in the fields of digital assets and semiconductors. SBI also stated that it plans to establish "SBI Middle East" in Riyadh as a base for its operations in the Middle East.

SBI and Saudi Aramco will consider jointly investing in each other's digital asset portfolios. In addition, SBI will look for Japanese digital asset startups that wish to expand their business in Saudi Arabia, and they will jointly provide support.