Ripple Forms Partnership With Tokyo Unit of $1,200,000,000 Firm To Push for XRPL-Powered Solutions in Japan

Payments company Ripple has entered into a new partnership with the Tokyo-based division of HashKey Group to bring its XRP Ledger-based supply chain finance solution to Japan.

Ripple and HashKey Group’s Japanese consulting firm, HashKey DX, will also work with Japanese financial services giant SBI Holdings, which has partnered with the San Francisco payment company on remittances in Japan since 2016.

HashKey Group is a Hong Kong-based Web3 infrastructure development company that reported a valuation of more than $1.2 billion in January, according to Bloomberg report.

ripple Note In announcing the new partnership, HashKey announced it has launched a blockchain-powered supply chain finance solution across mainland China, registering 23 banks and 4,300 suppliers.

Now, the payment company and HashKey DX aim to offer the same solution in Japan.

To explain about Ripple,

“As part of this partnership, SBI Group companies will be the first Japanese companies to utilize this supply chain finance solution. We look forward to further cooperation.”

At the time of writing, XRP is trading at $0.4975. The eighth-largest cryptocurrency by market capitalization has fallen nearly 4% in the past 24 hours.

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