- XDC Network and SBI’s subsidiary partnered to offer comprehensive services to Japanese customers.
- XDC aims to improve efficiency in the Japanese trade finance market which is estimated at 2,000 trillion yen annually.
While the global cryptocurrency market expands, XDC Network has reached an important turning point with its recent strategic partnership. The hybrid blockchain ecosystem has confirmed its collaboration with crypto assets management firm SBI Group’s subsidiary — SBI VC Trade.
Significantly, the XDC ecosystem focuses on bolstering its expansion into the Japanese trade finance sector which holds an estimated annual value of 2,000 trillion yen (14.29 billion USD). The enterprise-based network acts as one of the best options for effective management since it offers high-speed transactions and much cheaper gas fees due to its energy efficiency.
XDC Network’s Expansion to Japan
This relationship with XDC Network is in line with SBI VC Trade’s continued commitment to offering comprehensive services to its customers. Also, XDC Network and SBI VC Trade believe that the partnership is an anticipation for future business and financial institution development in the financial sector in Japan, which will improve users’ trading experience.
Atul Khekade, the co-founder of XDC Network, stated:
“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.”
However, the partnership would be a game changer for the XDC Network. As it seeks to advance digital transformation in the trade finance sector and establish itself as a global leader in the blockchain arena. Further, XDC has recently taken too many initiatives to bring more potential user-friendly experiences to users.