Coinspeaker
Japanese Financial Giant SBI Holdings Joins XRP Ledger as Validator

Japanese financial powerhouse SBI Holdings has taken up the validator role for Ripple’s Layer 1 blockchain network the XRP Ledger (XRPL). In an announcement on Friday, the company said that starting from May 10, 2024, its crypto subsidiary SBI VC Trade will begin serving as a node operator for the protocol to bolster the ecosystem’s growth.

The Japanese financial giant has a long track record of utilizing XRP Ledger through Ripple Payments, a blockchain payment infrastructure provider that uses XRP to facilitate payments worldwide. Building on this history, SBI Holdings has expanded its relationship with the company through SBI VC Trade to become the latest node operator to join XRPL.

Empowering the Ecosystem

SBI VC Trade aims to directly engage with the XRP Ledger, facilitating smoother transactions for its customers while actively contributing to the network’s growth by taking up the role of a validator.

“This time, our company has begun operating t...