SBI Solana Japan On-Chain Deal

    por Gigliola: Ripple

    SBI, a company known for its connections to Ripple, has entered into a significant on-chain finance agreement with Solana. This collaboration will concentrate on yen stablecoins, tokenized real-world assets, and institutional payments within Japan. As part of the arrangement, Solana will acquire an equity stake. SBI's history includes close ties to Ripple.

    Transcrição (en)

    SBI and Solana have an on-chain deal, it seems. So Japanese financial giant SBI Partners, alongside the Solana Foundation, is going to build on-chain financial markets in Japan. So apparently the focus of this is going to be Japanese yen stablecoins, tokenized real-world assets, and institutional payments on Solana. Solana will take an equity stake in a rebranded SBI Solana Global with Sumitomo Mitsui. And this signals big institutional push for blockchain in Japan's regulated finance sector. Where does your head go with that as the resident crypto expert? As the resident Ripple guy, this actually becomes super important because SBI has very openly been doing a lot of stuff with Ripple over the past almost decade now. You know? Interesting. So to see this, some people might get upset. They might be like, wait a minute. This should be happening on the XRP Ledger. What's going on here? Do you feel the same way? I do feel like this definitely marks them not being exclusive to Ripple because I've only heard of them doing anything with Ripple, to be fair. So we'd love to hear what you guys think in the chat. I'm sure it might ruffle some feathers. The XRP has angry XRP on me. Let's see here. If you enjoyed this, be sure to hit that like button and follow to stay up to date with what's going on in the world and everything else memes and markets. Peace.