Partnership with SBI Holdings and R3 to Expand on Current Corda Blockchain Platform in Asia

SBI Holdings is a financial services company that is based in Japan.

Recently, they decided that they needed to collaborate with R3, which is in charge of the Corda blockchain platform. Together, they’ll be expanding the use of the platform, while SBI increases their investment to R3.

According to R3’s CEO, David Rutter, “Europe is the most advanced in blockchain product development. The new joint venture will strengthen the Japanese language service and promote adoption.”

Furthermore, the new partnership would make it possible for R3 to go beyond the borders of Japan to the rest of Asia.

Presently, R3’s focus is primarily on Distributed Ledger Technologies (DLT), making it easy to offer their banking partners greater efficiency. So far, the company has managed to collect around 200 clients globally, even though they are only based in the United States.

R3 has been involved in many deals and partnerships, like the recent group of French banks that trialed the Know-Your-Customer protocols from Corda. R3 itself decided that Ripple would be the first crypto that they would add to their new decentralized app for payments.

SBI has worked with Ripple’s token, XRP, which they recently established regulatory approval to use in joint money transfers.

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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