SBI Holdings was the sole investor in the round, which Gauntlet says will fund expansion into stablecoins, tokenization and traditional capital markets infrastructure. According to The Defiant, sbi holdings was the sole investor in the round, which gauntlet says will fund expansion into stablecoins, tokenization and traditional capital markets infrastructure.. The development comes amid ongoing regulatory scrutiny in the sector. The Defiant reports that this marks a significant milestone for the industry. The The Defiant report provides additional context on the implications for market participants and regulatory frameworks moving forward.
