Japanese financial services firm Tokai Tokyo Financial Holdings will invest about 500 million yen (nearly $4.6 million) in the Japanese branch of cryptocurrency exchange Huobi.
According to a press release on Dec. 26, the investment is part of a broader collaboration with Huobi Japan, wherein Tokai will acquire shares in the exchange. Tokai did not immediately respond to Cointelegraph’s request for details regarding the share acquisition. This article will be updated once more information is forthcoming.