<ul><li>SBI Holdings announces a strategic partnership with Saudi Aramco, focusing on digital asset investment and semiconductor production in the Middle East.</li><li>The partnership includes the establishment of SBI Middle East in Riyadh and potential collaboration in digital assets and semiconductor projects.</li><li>Deutsche Bundesbank report highlights Ripple&#39;s potential in financial innovation while noting legal and exchange rate risks.</li></ul>SBI Holdings, a leading partner for blockchain firm Ripple, has recently announced a strategic partnership with Saudi Aramco, the state-owned oil giant of Saudi Arabia. This collaboration, formalized through a memorandum of understanding (MoU), marks a significant advancement in SBI&#39;s expansion into the Middle East. The focus of this partnership is on digital asset investment and semiconductor production.The MoU, <a href="https://www.sbigroup.co.jp/english/news/pdf/2023/1207_a_en.pdf" rel="noopener noreferrer nofollow">signed</a> on December 7, outlines the potential collaboration in digital assets and co-investment in digital asset portfolios. A key aspect of this partnership is the establishment of SBI Middle East in Riyadh, which will serve as the operational base in the region. The alliance aims to identify Japanese digital asset startups interested in expanding to Saudi Arabia and initiate semiconductor production projects in both countries. The MoU also leaves room for expanding the scope of the alliance upon mutual agreement.Read full article at C<a href="https://cryptotale.org/major-ripple-partner-sbi-holdings-teams-with-saudi-aramco-for-digital-expansion/" rel="noopener noreferrer nofollow">ryptoTale.</a>

Major Ripple Partner SBI Holdings Teams with Saudi Aramco for Digital Expansion

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