SMBC to invest $20m in Vertex Master Fund

Maria Nikolova

The investment of US$20 million is set to enhance SMBC’s access to firms with cutting edge technology, allowing the bank to better support customers’ growth.

Sumitomo Mitsui Banking Corporation (SMBC) today announces that the bank has committed to invest in Vertex Master Fund (SG) II LP, a partnership established by a subsidiary of Vertex Venture Holdings. Vertex is a wholly-owned subsidiary of Temasek Holdings (Private) Limited, a global investment company owned by the Singaporean government.

The partnership invests in firms possessing technology with high-growth potential in sectors that have seen massive innovation development and uptake, such as healthcare and Fintech, via venture capital funds which operate in various parts of the world, including Southeast Asia, India and the United States.

The investment of US$20 million is set to enhance SMBC’s access to firms with cutting edge technology, allowing the bank to better support customers’ growth by providing the customers with partnership opportunities with startups located around the world. SMBC will also use the investment to push further its own digitalization.

In a separate announcement issued today, Marubeni Corporation says it executed contract agreements with Vertex Venture Holdings Ltd. The contract is an agreement to invest in Vertex Master Fund (SG) II LP.

VMF2 is a subsequent fund of the high-performing Vertex Master Fund, and its primary purpose is to invest in venture capital funds all over the world including South East Asia, China, India, the United States and Israel. The target total amount for VMF2 will be approximately US$ 770 million, of which up to US$ 50 million will be Marubeni’s investment.

Through collaboration with VVH and invested startups, Marubeni hopes to gain a better understanding of innovative business model trends, primarily in Asian countries, facilitate its own innovation which will go beyond the company’s current business framework, and pursue the creation of new business models which will lay the foundation of the revenue for next generation.

Read this next

Crypto Insider lists DeFiChain’s DFI token amid growing popularity

Bitcoin-based DeFi platform DeFiChain announced the listing of its native DFI token on, one of the world’s leading cryptocurrency exchanges.

Digital Assets

Binance in discussions with Japan regulators to relaunch operations

Binance, the world’s largest crypto exchange by traded volume, is reportedly seeking a license to operate in Japan after its exit from the country four years ago.

Digital Assets

OKX Chain integrates .crypto domains to simplify wallet transactions

Unstoppable Domains, a company building Blockchain domain names, has entered a partnership with EVM and IBC compatible chain OKC (OKX Chain). This collaboration will grant OKC’s users the ability to simplify deposits and withdrawals within the regulated fiat-focused crypto-asset exchange.

Retail FX, Technology

MetaTrader’s iOS issue opens brokers’ eyes to other trading platforms

In a surprising (or-not-so-surprising) move, Apple has removed MetaTrader 4 and MetaTrader 5 from its App Store in a huge blow for the leading FX trading platform provider.

Retail FX

Pepperstone adds analytics and automated trading tools free of charge

“We look forward to bringing significant value to Pepperstone traders and making a real, positive impact in their daily trading habits. We are excited to welcome them on board.”

Retail FX

FP Markets wins Best Global Value Broker for 4th consecutive year at the 2022 Global Forex Awards

“We greatly appreciate the continued international recognition as at FP Markets we pride ourselves on these attributes and these prestigious awards are testament to the hard work from our global team to always provide our clients with the ultimate trading experience.”

Inside View

How to Engage Your Customer at Every Stage of Their Journey

As many as 89% of successful businesses say that providing assistive customer experiences is critical to their growth. That’s because a mere 5% increase in customer retention can boost profits by 25% to 95%.

Industry News

CFTC fines Chinese firms Chinatex and COFCO $720,000 for wash trading

Chinatex traders engaged in wash trading in order to liquidate a long position in the account of an affiliated company and re-establish the position in its own account, to the ultimate benefit of its parent company, COFCO.

Industry News

US-based operation of Brazilian broker XP fined $500,000 for recordkeeping failures

“Proper recordkeeping is vital to protecting our markets and market participants from fraud and manipulation. This case serves as another example of the Commission’s intent to vigorously enforce the recordkeeping obligations of its registrants.”