SBI Joins Forces with XDC Network to Boost Expansion in Japan’s Financial Sector

Source : Capital.com
  1. Partnership between SBI and XDC Network to revolutionize Japan’s financial sector.
  2. Focus on enhancing trade finance efficiency, transparency, and reducing costs.
  3. Harnessing the power of blockchain technology to drive digital transformation.

XDC Network, represented by TradeFinex Tech Ltd, has announced an exciting partnership with SBI VC Trade Co. Ltd., a prominent cryptocurrency exchange within the SBI Group, to fuel the growth of XDC Network’s ecosystem in Japan. This strategic collaboration marks a significant milestone for XDC Network as it expands its footprint in the Japanese market.

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XDC Network is a powerful blockchain network specifically designed for enterprise use cases such as trade finance, payments, and real-world asset tokenization. By focusing on enhancing efficiency in the estimated annual 2,000 trillion yen trade finance market, XDC Network offers high-speed transactions and significantly lower gas fees, while being energy efficient. These features make it the ideal choice for businesses seeking streamlined and cost-effective operations.

“We are excited to join forces with SBI VC Trade and introduce the XDC ecosystem to the Japanese market,” said Atul Khekade, co-founder of XDC Network. “Japan plays a crucial role in international trade, and our blockchain platform aims to optimize this sector by improving transparency, traceability, and reducing costs. Through our partnership with SBI VC Trade, we look forward to empowering businesses and financial institutions in Japan with the numerous benefits of the XDC Network.”

Fumiki Ozaki, President and CEO of SBI VC Trade Co., Ltd., expressed his enthusiasm, stating, “We are thrilled to expand our cryptocurrency offerings by adding XDC to our exchange. XDC Network brings a unique value proposition to the trade finance market, and we believe its addition will enhance our customers’ trading experience. SBI VC Trade remains dedicated to providing comprehensive services that prioritize customer satisfaction, and this partnership with XDC Network aligns perfectly with our customer-centric philosophy.”

With this collaboration between XDC Network and SBI VC Trade, XDC Network is poised to make a significant impact on the Japanese market. Their joint mission is to drive digital transformation in the trade finance industry and establish themselves as global leaders in providing blockchain solutions for enterprises and financial institutions.

The partnership announcement signifies SBI’s commitment to harnessing the power of blockchain technology and promoting innovation in Japan’s financial sector. As XDC Network gains momentum in its expansion efforts, the stage is set for a transformative era in trade finance, powered by blockchain solutions.

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