SBI Holdings, a prominent financial institution in Japan, recently made the strategic decision to become a validator on the XRP Ledger (XRPL), further solidifying its commitment to the crypto industry.
As a significant player in the crypto space, SBI Holdings’ subsidiary, SBI VC Trade, will officially start operating as a node operator for the XRPL protocol on May 10, 2024. This move is aimed at bolstering the XRPL ecosystem and supporting its continuous growth.
Having already utilized XRP Ledger for global payments through Ripple Payments, SBI Holdings has deep-rooted experience with the protocol. By expanding its involvement with XRPL through SBI VC Trade, the company is now positioned as a key node operator within the network.
A representative from SBI VC Trade emphasized the importance of aligning with XRP-holding customers and leveraging XRP Ledger for processing transactions directly. This strategic shift aligns with SBI Holdings’ goal of enhancing its operational systems and maximizing the benefits of the XRPL network.
In addition to becoming a validator, SBI VC Trade is also looking to secure a spot on the Unique Node List (UNL), a roster of trusted node operators crucial for maintaining network integrity. The company’s dedication to contributing to the XRPL ecosystem and demonstrating excellence as a protocol node operator will ultimately determine its eligibility for inclusion in the UNL.
It’s important to note that the information provided is for informational purposes only and does not constitute investment advice.
