Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BITCOIN NEWS»Japanese financial giant launches XRP ledger validator
BITCOIN NEWS

Japanese financial giant launches XRP ledger validator

By Crypto FlexsMay 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Japanese financial giant launches XRP ledger validator
Share
Facebook Twitter LinkedIn Pinterest Email

SBI VC Trade, a subsidiary of SBI Holdings, has started serving as a validating node for the XRP Ledger (XRPL). As a major player in the Japanese financial sector, this move by SBI highlights its commitment to play a pivotal role in the governance and development of its ledger.

SBI Announces Launch of XRP Ledger Validator

News of the launch was shared by Emi Yoshikawa, Vice President of Strategic Initiatives at Ripple, in a post on X. Yoshikawa’s announcement highlighted the proactive approach taken by SBI VC Trade in the interests of its customers who are XRP holders. It is the native digital asset of XRPL.”

SBI VC Trade (SBI Holding’s cryptocurrency exchange) just announced the launch of a validator for XRPL. She said, “In the announcement, we stated that we plan to reflect the opinions of XRP holders (customers) through this validator. It was great to see different approaches to running a validator!”

📣 SBI VC Trade (SBI Holding’s cryptocurrency exchange) just announced the launch of a validator for XRPL. You can see it here: https://t.co/RNYgY6uD5p

They stated in their announcement that they plan to reflect the opinions of XRP holders (customers) through this validator. great… https://t.co/btVkDMk7SZ

— Emi Yoshikawa X (@emy_wng) May 10, 2024

In an official statement, SBI detailed its strategy for operating validator nodes. “By continuing to operate reliably as a validator and being recognized by the community for our performance, we will be included in the Unique Node List (UNL) of trusted validators recommended by the XRP Ledger Foundation in the future,” he explained. . .

Being part of UNL will allow SBI VC Trade to have more influence on the network, especially in voting on new features on the ledger. The company further elaborated on its goal to become “a validator that reflects the voice of the Japanese XRP holder community,” reflecting its long-standing service to token holders.

SBI’s plans include conducting surveys to incorporate customer feedback into voting decisions on new features. They also plan to actively engage in information dissemination and education about new features and fixes to improve holders’ ability to make informed decisions that strengthen the ecosystem.

Strategic importance of SBI-Ripple partnership

SBI Holdings has established a significant partnership with Ripple, leveraging Ripple’s blockchain technology for a variety of financial applications, particularly through its joint venture, SBI Ripple Asia. The collaboration, which began in 2016, focuses on using Ripple’s technology to power cross-border payment services and optimize banking transactions across Asia.

Yoshitaka Kitao, President and CEO of SBI Holdings, has been an active supporter of XRP and has often expressed optimism about XRP’s future in financial trading. Under Kitao’s leadership, SBI integrated cryptocurrency assets into multiple services, driving adoption across the broader financial network.

SBI VC Trade operating as a validator clearly demonstrates SBI’s intention to leverage its influence to promote growth and stability of the ecosystem. This development is expected to not only benefit SBI’s operations, but also contribute to its robustness as an enterprise-grade blockchain solution recognized for its fast payments, low costs, and scalability.

At the time of reporting, XRP was trading at $0.51671, down 30% from its mid-March high of $0.74.

Price remains below triangle pattern, 1-week chart | Source: XRPUSD on TradingView.com

Featured image created with DALL·E, TradingView.com chart

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025

Nautilus launches anti -tamper prevention Oracles in Sui Mainnet.

June 7, 2025

Binance Alpha Listing Drive Skating Token Price 33%

June 7, 2025

Data Center security improvement: Role and risk of base board management controller

June 7, 2025

Is the Solana -SOL route that is involved in whale movements still alive for $ 160?

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025
Most Popular

Bitcoin Could Experience Positive Demand Shock Due to RIA: Analyst

March 18, 2024

Cryptocurrency Market Overview: Ethereum, Bitcoin, Cosmos and Viral Sensation BlockDAG Predicts 30,000X ROI

May 3, 2024

CEX.IO wallet address synchronization

January 25, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.