{"id":50996,"date":"2023-05-31T05:05:58","date_gmt":"2023-05-31T09:05:58","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=50996"},"modified":"2023-05-31T05:06:01","modified_gmt":"2023-05-31T09:06:01","slug":"xdc-network-enters-japan-via-sbi-vc-trade-partnership","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/xdc-network-enters-japan-via-sbi-vc-trade-partnership\/","title":{"rendered":"XDC Network enters Japan via SBI VC Trade Partnership"},"content":{"rendered":"\n

XDC Network, formerly XinFin, has expanded its presence on the Japanese market<\/a> through a partnership with SBI VC Trade, a subsidiary of SBI, a Tokyo-based financial holding company.\u00a0<\/p>\n\n\n\n

\"XDC
XDC Network enters Japan via SBI VC Trade Partnership<\/figcaption><\/figure>\n\n\n\n

On May 31, XDC Network announced that it would join SBI's subsidiary crypto exchange. The CEO of the exchange, Fumiki Ozaki, has confirmed the news:<\/p>\n\n\n\n

\n

\u201cWe are delighted to expand our cryptocurrency offerings by adding XDC to our exchange. XDC Network brings a unique value proposition to the trade finance market, and we believe its addition will enhance our customers' trading experience.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

In March 2023, XDC climbed 54% in thirty days to become one of the top five altcoin gainers. The network supports EVM-compatible smart contracts<\/a>, protocols, and atomic cross-chain token transfers. <\/p>\n\n\n\n

Additionally, it conforms to the ISO-20022 message standard, an internationally recognized standard for electronic data interchange between financial institutions.<\/p>\n\n\n\n

Recently, XinFin established a DAO to decentralize the blockchain's governance. After May's deployment, the community can determine how to distribute ecosystem funds to promote growth. <\/p>\n\n\n\n

The co-founder of XDC Network, Atul Khekade, commented on the most recent announcement:<\/p>\n\n\n\n

\n

\u201cWe are thrilled to partner with SBI VC Trade and bring the XDC ecosystem to 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.\u201d\u00a0<\/em><\/p>\n<\/blockquote>\n\n\n\n

SBI\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> is also expanding its presence on major cryptocurrency exchanges. It was granted a license to operate in Singapore in September 2022. <\/p>\n\n\n\n

Earlier, the U.S. Commodity Futures Trading Commission authorized one of its portfolio companies, Clear Markets, to offer over-the-counter crypto derivatives products with tangible settlement.<\/p>\n","protected":false},"excerpt":{"rendered":"

XDC Network, formerly XinFin, has expanded its presence on the Japanese market through a partnership with SBI VC Trade, a subsidiary of SBI, a Tokyo-based financial holding company.\u00a0 On May 31, XDC Network announced that it would join SBI’s subsidiary crypto exchange. The CEO of the exchange, Fumiki Ozaki, has confirmed the news: \u201cWe are […]<\/p>\n","protected":false},"author":12,"featured_media":51006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[883,9606,14648,14647],"class_list":["post-50996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-japan","tag-sbi-2","tag-sbi-vc-trade","tag-xdc-network"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/xd.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/50996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=50996"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/50996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/51006"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=50996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=50996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=50996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}