Ripple’s XRPL Chosen by SBI Group for Supply Chain Solutions in Japan
SBI Group, a Japanese corporation, is set to become the first company in Japan to utilize the XRP Ledger (XRPL) blockchain supply chain solutions. Ripple, a global payments company, has formed a strategic partnership with Tokyo-based consulting firm HashKey DX, and they will work together to introduce XRPL enterprise solutions to the Japanese market. SBI Ripple Asia, a joint venture between SBI Holdings and Ripple, will collaborate with HashKey DX to develop and implement supply chain finance solutions in the country. These solutions will be built on the XRPL, a decentralized blockchain network developed by Ripple Labs.
According to Andy Dan, the head of HashKey DX, XRPL’s enterprise track record, settlement speeds, low costs, and scalability make it an ideal platform for building a supply chain finance solution. HashKey Group, which has already developed and implemented blockchain-powered supply chain finance solutions in China, will use its expertise and experience to drive meaningful transformation and introduce innovative solutions for Japanese businesses.
Since its launch in 2019, HashKey Group’s blockchain solution has been adopted by over 4,000 registered companies, including 23 banks and 4,300 suppliers in mainland China. The total trade amount recorded exceeds $7 billion, and nearly $3 billion of transactions have been financed through the blockchain solution.
Markus Infanger, the senior vice president of RippleX, believes that the future of tokenized markets could be valued at over $16 trillion. As traditional finance players start to actively use blockchain networks, Infanger states that the tokenization of financial assets is becoming more prevalent. Advanced conversations with various financial institutions are ongoing, and they are exploring tokenization projects to issue assets on the XRP Ledger, Stellar, and Ethereum. These firms already have distribution plans and can articulate specific use cases for the underlying blockchain technology.
Ripple Labs has been reached out to for more information about the partnership with HashKey DX and SBI Ripple Asia. This collaboration between Ripple, SBI Group, and HashKey DX is significant as it will drive the adoption of blockchain solutions in Japan’s supply chain finance industry and further establish XRPL’s presence in the country.
15 thoughts on “Ripple’s XRPL Chosen by SBI Group for Supply Chain Solutions in Japan”
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I can already tell that this partnership will only benefit the big players in the industry, while small businesses will suffer.
Wow, this is a groundbreaking partnership! SBI Group is leading the way in Japan’s adoption of blockchain solutions.
This is just another example of big corporations teaming up to monopolize the market and control the technology. Not cool.
So now SBI Group thinks they’re all innovative and cutting-edge? Give me a break.
I don’t trust Ripple and their shady business practices. This partnership only confirms my suspicions.
Incredible! SBI Ripple Asia and HashKey DX will develop innovative supply chain finance solutions in Japan. 🚀 This partnership will change the game for businesses in the country. 💼
The adoption of blockchain networks by traditional finance players is a sign of the growing importance of tokenized markets. Exciting to see RippleX leading the way!
I highly doubt that XRPL’s so-called “track record” is as impressive as they claim. Just more empty promises, I bet.
Great news for Japan’s supply chain finance industry! The collaboration between Ripple, SBI Group, and HashKey DX will bring new and transformative solutions.
Great, just what we need, more complicated technological solutions that no one understands. I’ll pass.
As if Japan’s supply chain finance industry wasn’t already complicated enough. Thanks for making it even more confusing, guys.
Impressive track record already! HashKey Group’s blockchain solution has been adopted by thousands of companies in China, making a significant impact in the industry.
It’s great to hear that advanced conversations with financial institutions are ongoing. Tokenization projects on XRP Ledger, Stellar, and Ethereum will revolutionize the industry even further.
Another day, another blockchain partnership. Is anyone actually benefiting from all this hype?
I can’t believe that SBI Group is wasting their time and resources on this. There are much more important issues to address.