SBI VC Trade attributes company’s success to significant growth in crypto asset market

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Cointime2024/01/02 00:29

By:Cointime

Tomohiko Kondo, representative director and CEO of SBI VC Trade, expressed gratitude to customers and stakeholders in a recent social media speech and attributed the company's success to the significant growth of the cryptocurrency market. Kondo emphasized the excellent performance of XRP, which is a focus of SBI VC Trade and the wider SBI Group.

Japanese financial institution SBI continues to actively collaborate with Ripple and announced the establishment of a joint venture earlier this year, consolidating the partnership between the two parties. Kondo also emphasized the key role of SBI Ripple Asia in this collaboration. SBI holds a majority stake of 60%, and Ripple Labs holds the remaining 40% stake. This entity will introduce Ripple's remittance solution to bank accounts in Southeast Asia.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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