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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    Ethereum Collections Lead NFT Sales Today

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    Labubus have succeeded in every way that NFTs have failed

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    CryptoPunks Floor Price Hits 3-Year High of $208,000

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    NFT sales surge to $574 million in July, second-highest in 2025

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    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

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    Shrapnel to Leave Avalanche in New Partnership with Gala Games

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    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

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    Blockchain Bookmakers: A New Era of Fair and Secure

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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Home Blockchain

Ripple Partner SBI Launches Joint Venture SBI XDC Network APAC with TradeFinex

December 29, 2023
in Blockchain
23
Ripple Partner SBI Launches Joint Venture SBI XDC Network APAC with TradeFinex
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SBI Holdings, a prominent Japanese financial services firm and partner of Ripple, has revealed a partnership with TradeFinex, a company based in the UAE specializing in the XDC Network.

READ ALSO

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🤯Massive Announcement
SBI Holdings Japan + @sbivc_official & #XDC Network using a @Cordablockchain Bridge (provided by Impel) Joint Venture🎉

OFFICIAL: SBI XDC Network APAC Corporation
Expands XDC Network technology centered on trade finance and cross-border payments.… pic.twitter.com/7fBAobEUMx

— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) December 27, 2023

Together, they’ve established SBI XDC Network APAC Co., a collaborative initiative with the goal of advancing the utilization of XDC Network’s blockchain technology across the Asia-Pacific region, with a specific focus on enhancing trade finance and facilitating cross-border payments.

XDC Network employs smart contracts to tokenize and digitize tangible assets like bonds and trade documents. This approach streamlines global trade operations. Additionally, the network provides a hybrid blockchain usable in both private and public settings.

SBI Holdings has been a steadfast advocate of XDC Network, which is evident in its crypto exchange subsidiary SBI VC Trade, which formed a partnership with XDC Network in May. As the exclusive supporter of XDC tokens in Japan, SBI Holdings has extended diverse services related to XDC to cater to its customer base.

This new collaboration aims to combine the expertise and networks of SBI Holdings and TradeFinex to broaden the applications of the XDC Network in Asia-Pacific.

The joint venture will offer marketing and business development assistance to XDC Network, along with support for exchanges seeking to support XDC tokens.

See also  Com2uS Brings 'Walking Dead' and 'Summoner's War' Games to Oasys Network

The venture, headquartered in Tokyo with a capital of 300 million yen, is spearheaded by Tomohiko Kondo, who is also the president of SBI VC Trade as representative director. Other directors include Tadashi Yoshida, who oversees XDC Network in Japan, and Taku Tashiro.

SBI XDC Network APAC Launches PoC

The company has recently embarked on a proof of concept (PoC) aimed at integrating Corda, a blockchain platform offered by IMPEL GLOBAL, with Corda Bridge. This Corda Bridge service facilitates seamless connectivity between Corda and XDC Network.

The objective of the PoC is to showcase the effectiveness and seamless nature of employing the XDC Network for international payments in B2B transactions, especially in international trade. This demonstration aims to highlight the advantages of traditional fiat currency payments.

Being a long-term partner of Ripple, SBI Group formed a similar collaboration with the San Francisco-based technology company in 2016 to launch SBI Ripple Asia.

Over time, SBI has consistently demonstrated its commitment to supporting Ripple, which is evident in recent initiatives aimed at strengthening their enduring partnership.

Despite its ongoing collaboration with Ripple, the Japanese financial services giant continues to broaden its presence in the digital asset scene by engaging other crypto-focused entities.

SBI Group is working to establish a strong position within the crypto industry, and these partnerships are steps toward realizing this objective.

Tags: APACJointLaunchesnetworkPartnerRippleSBITradeFinexVentureXDC

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