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Ripple Partnered SBI Offers Custody to Institutions With Securitize Partnership

Jamie West by Jamie West
December 20, 2020
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Ripple’s Partner, SBI Digital, recently announced their partnership with the Japanese company Scrutinize. Their partnership aims to integrate the platform developed by the Japanese company and manage digital securities with their digital “sbiwallet” wallet. This partnership will allow foreign users to access the Japanese stock market more easily and quickly.

SBI Digital is a subsidiary partner of Ripple under the SBI Group Asset Holdings. As previously seen regarding the foreign supporters of Ripple and XRP, this company is currently among the major supporters of Ripple and the cryptocurrency in their bid to enter the Asian financial scene.

The SBI Holding’s CEO, Yoshitaka Kitao, is a major driver on Ripple’s BOD (board of directors) and is the driving force behind the XRP adaptation in the Asian market. Aside from Ripple, a few others have invested in SBI Digital, such as BRD, R3, and Börse.

According to their announcement, the “sbiwallet” is their bid at a custody solution for institutional investors. This wallet has MPC technology that will sign transactions while also protecting the users’ assets. Aside from this security, it also offers a product designed to meet the compliance requirements and regulations with its multi-layered multi-step authentication model. This will all be done following the anti-money laundering policy that SBI Digital Holdings is following.

Through this cooperation, its users will have a platform that will allow them to sell, manage, and issue securities in a fast and “efficient” way that also follows the regulations. Fernando Luis Basquez Kao, CEO of SBI Digital Asset Holdings, said that they are very much looking forward to being able to further drive the growth of digital solutions in Japan through the integration of the “sbiwallet” and the securitize platform.

With this, Securitize has become a part of the SBI Digital Holding’s growing ecosystem. In the past years, the company has been increasing its partnerships to provide institutional investors with multiple offerings through its digital financial ecosystem. As a registered and recognized transfer agent by the Securities and Exchange Commission (SEC), Securitize will be providing accessibility and liquidity to the US ecosystem for SBI.

Hidetoshi Kobayashi, Securitize Japanese Country Manager, had this to add about the partnership:

“This partnership will give our customers a one-stop access to the STO platform with industry-leading security and convenience. We are pleased to help develop the STO market in Japan through this partnership.”

jamie xrp news | XRP & Ripple News
Jamie West
Tags: cryptocurrency newsripple news todayRipple pricexrp news predictionxrp news todayXRP price
Jamie West

Jamie West

Jamie is an XRP veteran & keeps his finger on the pulse when it comes to all things crypto.

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

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Broadening Financial Access

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The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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