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- XDC Network and a subsidiary of SBI have joined forces to provide extensive services to customers in Japan.
- XDC seeks to enhance efficiency within the Japanese trade finance sector, which is valued at approximately 2,000 trillion yen each year.
As the global cryptocurrency market continues to grow, XDC Network has reached a significant milestone through its recent strategic alliance. The hybrid blockchain ecosystem has announced its partnership with SBI Group’s subsidiary specializing in crypto asset management, SBI VC Trade.
こんにちは https://t.co/M9Hh5NQjCm
— Atul Khekade (@atulkhekade) May 31, 2023
Importantly, the XDC ecosystem is dedicated to enhancing its presence in the Japanese trade finance market, which is estimated to be worth 2,000 trillion yen (14.29 billion USD) annually. This enterprise-focused network serves as an optimal solution for efficient management, providing rapid transactions and significantly lower gas fees due to its energy-efficient design.
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XDC Network’s Expansion to Japan
This collaboration with XDC Network aligns with SBI VC Trade’s ongoing dedication to delivering comprehensive services to its clientele. Furthermore, both XDC Network and SBI VC Trade view this partnership as a precursor to future advancements in business and financial institutions within Japan’s financial landscape, enhancing the trading experience for users.
Atul Khekade, co-founder of XDC Network, remarked:
“Japan is a crucial hub for international trade, and our blockchain platform aims to streamline this sector 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 the XDC Network.”
Nonetheless, this partnership is poised to be transformative for the XDC Network as it aims to propel digital transformation within the trade finance sector and position itself as a global frontrunner in the blockchain space. Additionally, XDC has recently undertaken numerous initiatives to enhance user-friendly experiences for its users.
