R3 and SBI team up to push Corda in Japan
Enterprise software firm R3 and SBI Holdings, R3’s largest shareholder, are launching a new joint venture to promote the adoption of Corda in Japan and the wider East Asian region.
SBI is “one of Corda’s biggest champions”
As you probably know, SBI has a handy network of regional contacts in the region and this well help the commercial adoption of Corda.
Yoshitaka Kitao, CEO of SBI Group, points out that SBI has been participating in the consortium led by R3 from the “earliest stage” when it established a lab and research centre to try out blockchain technology.
Kitao adds: “Since then, the development of Corda has progressed smoothly and is now in the commercialisation stage.”
David E. Rutter, CEO of R3, calls SBI “one of Corda’s biggest champions” and says the “partnership is a crucial step” on its journey to progress and power.
By connecting into the Corda ecosystem, firms in Japan will have access to its applications and thousands of developers.
They will also be able to join over 300 companies, financial services firms, technology firms, central banks, regulators, and trade associations as partners of R3.
Both R3 and SBI are constantly active in the world of blockchain.
Last week, ING Bank signed a five-year deal with R3, entitling the bank to an unlimited number of licences for R3’s commercial blockchain platform, Corda Enterprise.
Also last week, blockchain smart card wallet producer Tangem raised $15 million from SBI Crypto Investment for its crypto ambitions.
There is of course SBI Ripple Asia – a joint venture between SBI Holdings and Ripple.
The latter is generally seen as a rival to R3. Although last month, R3 and Ripple held hands and launched a universal settler app for payments on Corda.
