Formerly known as XinFin, altcoin and enterprise hybrid blockchain solution XDC Network has expanded its presence in the Japanese market by partnering with SBI VC Trade, a cryptocurrency exchange subsidiary of Tokyo-based financial holding company SBI. XDC Network, SBI VC Trade Co. partnered with. Thus, it began to serve in Japan. Here are the details…
Altcoin forms key partnership in Japan
On May 31, XDC Network announced that it will be adding SBI’s crypto exchange subsidiary. Fumiki Ozaki, CEO of the exchange, confirmed the news. Commenting on the opportunities in Japan, the co-founder of XDC expressed his satisfaction with expanding the firm’s services there. The open-source Blockchain protocol XDC Network is a subsidiary of SBI Group’s crypto exchange SBI VC Trade Co. Ltd. to become a global leader in blockchain solutions by bringing digital transformation to the financial industry. Atul Khekade, co-founder of XDC Network, shared his enthusiasm for collaborating with SBI, commenting on the vast opportunities in Japan. Khekade said the following:
Japan is a pivotal hub for international trade and our blockchain platform aims to facilitate this industry by improving transparency, traceability and reducing costs. Through our collaboration with SBI VC Trade, we look forward to empowering businesses and financial institutions in Japan with the benefits of XDC Network.
XDC Network enhances its ecosystem
cryptocoin.com As we have reported, XDC Network has been investing in developing its ecosystem since its inception. Their partnerships and developments are a testament to their enthusiasm for building a solid network. Recently, XDC Network announced the launch of the DAO framework DAOFIN, marking its initiative towards decentralization. Fumiki Ozaki, Head of SBI VC Trade, stated that the company is pleased to expand its crypto offerings by partnering with XDC. Ozaki used the following statements:
XDC Network brings a unique value proposition to the trade finance market and we believe it will improve our clients’ trading experience. SBI VC Trade is committed to providing comprehensive services that put customer satisfaction first, and this partnership with XDCNetwork is in perfect harmony with our customer-centric philosophy. XDC Network has developed into a leading Blockchain protocol serving businesses and financial institutions, envisioning the economy to be established in Japan by partnering with SBI.
SBI is also increasing its presence in key crypto markets. It received a license to operate in Singapore in September 2022. Previously, one of its investments, Clear Markets, received approval from the United States Commodity Futures Trading Commission to offer over-the-counter crypto derivatives through a physical settlement.
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