Japanese financial services company SBI Holdings has successfully established “SBI XDC Network APAC” in Japan, following through on an intended joint venture with TradeFinex, the driving force behind the XDC Network. At the end of September, the two companies outlined the starting point of an intended collaboration. Only three months later, SBI has come back with an update, a press release published on Dec. 27, to detail the progress that has been made thus far. According to that document, the companies established joint venture corporate entity SBI XDC Network APAC Co. Ltd. on Dec 18. SBI will be the majority stakeholder in the venture, holding 60% of the company’s shares.
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