Odaily Planet Daily News SBI Holdings Co. announced that it has reached a basic agreement with TradeFinex Tech Ltd., the promotion company of the enterprise chain XDC Network, to establish a joint venture in Japan. It is expected that SBI Holdings will hold 60% of the shares and TradeFinex will hold 40%.
XDC Network is a Layer1 chain with its operational headquarters in Dubai and communities and offices in the United States, Singapore and other countries.
The newly formed joint venture plans to localize information related to the XDC Network in Japan to provide support for crypto asset exchanges wishing to process XDC transactions.