SBI VC Trade, the cryptocurrency exchange of Japanese financial giant SBI Holdings, XRP Ledger launched validators on announced. According to the company’s statement, with this step, SBI aims to reflect the voice of its customers who hold the XRP cryptocurrency. Vet, the operator of XRP Ledger, emphasized that it is a “big step” that a large enterprise is now operating infrastructure for XRP Ledger.
Ripple first partnered with SBI in 2017. It also offered year-end benefits for shareholders in XRP. In 2023, SBI Remit, a subsidiary of SBI Holdings, expanded its XRP-powered services to several countries, including Vietnam and the Philippines.
Ripple CEO Brad Garlinghouse has repeatedly criticized Japan cryptocurrency touted it as one of the friendly jurisdictions. In 2020, he even suggested that Ripple’s headquarters could be moved to Tokyo before the SEC took the company to court.
In April, Ripple expanded its presence in Japan by announcing a tie-up with Tokyo-based HashKey DX. The aim of the collaboration is to use XRP Ledger to develop enterprise solutions for clients in Japan.
