KUALA LUMPUR, June 6 (Bernama) -- XDC Network (represented by TradeFinex Tech Ltd) announced its partnership with SBI VC Trade Co Ltd, a prominent Japan's cryptocurrency exchange within the SBI Group, marking a significant milestone for XDC Network as it expands its ecosystem in the Japanese market.
“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,” said XDC Network co-founder, Atul Khekade in a statement.
Meanwhile, SBI VC Trade President and Chief Executive Officer, Fumiki Ozaki said: “XDC Network brings a unique value proposition to the trade finance market, and we believe its addition will enhance our customers' trading experience.
“SBI VC Trade remains committed to providing comprehensive services that prioritise customer satisfaction, and this partnership with XDC Network aligns perfectly with our customer-centric philosophy.”
As XDC Network enters the Japanese market through its partnership with SBI VC Trade, it aims to drive digital transformation in the trade finance industry and establish itself as a global leader in blockchain solutions for enterprises and financial institutions.
XDC Network offers a robust blockchain Network designed specifically for enterprises use cases like trade finance, payments and real world asset tokenisation.
With a focus on enhancing efficiency in the estimated annual 2,000 trillion yen trade finance market, XDC Network provides high speed transactions and significantly lower gas fees being energy efficient, making it an ideal choice for efficient operations. (100 yen = RM3.29)
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial