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San Francisco’s Ripple has recently partnered with Tokyo’s HashKey DX to advance blockchain technology solutions in Japan. This collaboration, underpinned by the XRP Ledger, aims to provide enterprise solutions tailored to Japanese businesses. HashKey DX, a segment of the broader HashKey Group established in 2018, specializes in blockchain consulting and has become a pivotal force in Asia’s cryptocurrency sector. With over $7 billion in total trade and more than 4,000 registered companies, HashKey Group has cemented its influence, especially after securing $100 million from a Series A funding round in January, bringing its valuation to $1.2 billion.
The initiative is set to be rolled out through SBI Ripple Asia, a joint venture formed in 2018 between Ripple and Japanese financial titan SBI. This venture will pioneer a new supply chain solution for corporations in Japan, marking a significant step in integrating blockchain technology within traditional business frameworks. Ripple CEO Brad Garlinghouse highlighted the significance of this partnership on the X social media platform, underscoring its potential to enhance Ripple’s influence and adoption across Asia, subtly boosting the broader blockchain and cryptocurrency sector, including Bitcoin.
