XRP-Centric SBI Holdings and R3 to Partner in a Joint Venture

SBI Holdings and R3 have announced that both companies have agreed on establishing a joint venture with its operations in Japan. SBI Holdings has contributed 60% of the capital for the venture whereas R3 has provided the other 40%. The announcement by both companies also provided the following information about the new venture.

At the moment of writing this, SWIFT has announced a proof-of-concept (PoC) to trial its gpi link integrated with R3’s Corda platform. The PoC will use the R3 platform to authorize payments from banks via SWIFT’s gpi Link. The PoC will be extended to support other Distributed Ledger Technologies and e-commerce trade platforms.

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