SBI Japan Looking To Use Ripple To Bolster Its Web3 Business
Japan’s SBI Group is aiming to bolster its Web3 business. The Japan-based FinServ company is looking to welcome institutional clients that could use its extended Web3 offerings and crypto-centric services. It’s a known fact that SBI is one of Ripple’s top partners. Hence, this means the company will likely make use of the offerings made via Ripple to help grow its business. The company recently released its financial results for the fiscal year that ended on March 31, 2023. The report highlighted that SBI VC Trade “will increase its customer and revenue base not only by the crypto asset exchange business but also by strengthening Web3 related business.” Specifically, the company is looking to, “Pioneer new business fields such as Web3 that introduce innovative technologies domestically and abroad to “go beyond finance with finance at its core.” In its report, the company did not outrightly mention Ripple . However, in one of the charts attached, they did mention “offerin...