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SBI Holdings and TradeFinex have <a href="https://www.sbigroup.co.jp/news/pr/2023/0929_14111.html" target="_blank" rel="noopener noreferrer nofollow">established</a> a joint venture in Japan to promote their enterprise blockchain platform on the XDC Network. 
SBI Holdings, a Tokyo-based company that provides financial services, is the group’s primary holding firm for various businesses and branches.&nbsp; 
TradeFinex operates a decentralized finance platform on the&nbsp;<a target="_blank" href="https://crypto.news/xdc-network-is-20-up-before-its-web3-meetup/" rel="noopener noreferrer nofollow">XDC Network</a>. It connects trade finance originators with banks and lending institutions, offering blockchain-based products like letters of credit, invoicing, and supply chain finance. 
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In the past, TradeFinex has partnered with institutions such as the International Chamber of Commerce and the World Trade Organization (<a href="https://crypto.news/wto-report-blockchain-technology-3-trillion/" data-type="post" data-id="71622" rel="noopener noreferrer nofollow">WTO</a>) to expand blockchain technology’s use and benefits.&nbsp; 
Japan has been working on developing the crypto industry for several years, having legalized Bitcoin (<a target="_blank" href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) as a payment method in 2017, making it one of the first jurisdictions to do so. 
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SBI Holdings and TradeFinex partner to drive blockchain adoption in Japan

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