SBI VC Trade, the cryptocurrency exchange of Japanese financial giant SBI Holdings, has Announced the launch of its validator on the XRP Ledger.
SBI VC Trade, the cryptocurrency exchange of Japanese financial giant SBI Holdings, has Announced the launch of its validator on the XRP Ledger.
With its recent move, SBI aims to reflect the voices of its customers who own the XRP cryptocurrency, according to the company’s announcement.
XRP Ledger dUNL operator Vet has emphasized that this is a “big step” as a large company is now running infrastructure for XRP Ledger.
Ripple initially partnered with SBI in 2017.
It has also offered year-end benefits for the company’s shareholders. XRP cryptocurrency.
In 2023, SBI Remit, a subsidiary of SBI Holdings, expanded its XRP-based services to several countries, including Vietnam and the Philippines.
Ripple CEO Brad Garlinghouse has repeatedly touted Japan as one of the most cryptocurrency-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 partnership with Tokyo-based HashKey DX. The goal of the collaboration is to use XRP Ledger to develop business solutions for clients in Japan.
