The Block.one subsidiary is set to go public via a SPAC merger this year.
The figure is six times Revolut's $5.5 billion valuation of February 2020.
U.K.-based digital bank Revolut is in “detailed talks” with SoftBank about a fundraising round that could value the firm between $30 billion and $40 billion, according to a Sky News report. Read more: Revolut Adds Dogecoin to Crypto Offering
The company contemplates acquisitions in Argentina, Chile, Colombia and Mexico.
The exchange said it is discussing a strategic partnership with a Softbank subsidiary and Japan-based exchange TaoTao to work together to provide "trading services" in the country.
SoftBank is working with IBM to develop cross-carrier blockchain tech to enable smartphone users to make local payments when traveling abroad.
Japanese telco SoftBank is exploring blockchain tech as a way to improve upon current centralized and fragmented ID and authentication services.
South Korean telco LG Uplus is to trial a blockchain-based mobile payment service aimed to let travelers save fees when shopping abroad.
Japanese telecoms giant Softbank Corp. has completed a blockchain proof-of-concept that allows P2P mobile payments across different carriers.
A group of telecom carriers including Sprint have formed a new blockchain consortium.
US telecom Sprint is working on a new blockchain initiative focused on carrier applications.