Breaking New Ground in Japan
The enterprise hybrid blockchain solution, XDC Network—previously known as XinFin—has successfully entered the Japanese market through a strategic partnership with SBI VC Trade, a crypto exchange subsidiary of the Tokyo-based financial giant SBI. This collaboration marks a significant milestone for both entities, signaling a new phase in crypto trading.
SBI VC Trade Welcomes XDC
On May 31, XDC Network revealed that its token would be listed on SBI’s exchange, a moment greeted with enthusiasm by the exchange’s CEO, Fumiki Ozaki. He expressed excitement over adding XDC to the platform, citing it as a unique value proposition for the trade finance market. Ozaki believes that this addition will enhance the trading experience for their customers, and it’s hard not to agree!
XDC Token’s Rise and Unique Features
Earlier this year, the XDC token made waves in the crypto world by becoming one of the top 5 altcoin gainers, skyrocketing by a whopping 54% in just 30 days. This surge can be attributed to its appealing features, such as:
- Support for Ethereum Virtual Machine-compatible smart contracts
- Protocols and atomic cross-chain token transfers
- Compliance with the ISO-20022 message standard, which enhances electronic data exchange between financial institutions worldwide
Decentralizing Governance: A New Chapter
In a bold move to foster community engagement, the XDC Network has initiated the formation of a decentralized autonomous organization (DAO) to decentralize governance of its blockchain. Once deployed, the community will play a key role in deciding how ecosystem funds are allocated to promote development. Atul Khekade, co-founder of XDC Network, couldn’t hide his excitement and mentioned, “We are thrilled to partner with SBI VC Trade and introduce the XDC ecosystem to the Japanese market.”
Japan: The Hub for International Trade
Japan is more than just a picturesque country of cherry blossoms; it’s a crucial hub for international trade. With XDC’s blockchain platform aiming to improve transparency and traceability while cutting down costs, this partnership has the potential to revamp the trade landscape. Furthermore, SBI’s proactive approach to expanding its presence in the crypto realm—like obtaining a license in Singapore—shows that they are serious about being at the forefront of the digital finance revolution.
In Conclusion: The Future Looks Bright
The introduction of XDC Network to SBI VC Trade’s offerings is a promising development not only for investors but also for the larger trade finance market in Japan. As both companies embrace innovation, we can only watch and wait to see what this partnership brings to the table. Who said blockchain can’t be exciting?
+ There are no comments
Add yours