SBI works with UAE’s TradeFinex to set up joint crypto venture in Japan

SBI Group and UAE-based TradeFinex launch Japan joint venture to drive trade finance adoption of XDC Network blockchain solutions.

SBI Holding and TradeFinex will look to drive trade finance adoption of EVM-compatible enterprise blockchain XDC Network through a new joint venture in Japan.

TradeFinex has been involved in collaborations with the World Trade Organization, International Chamber of Commerce and various government agencies to explore blockchain as a means to overhaul the speed, transparency, costs and traceability of trade finance.highlighted TradeFinex as a network that operates “as both permissioned and permissionless: permissionless for public verification, but permissioned for selective data sharing.

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