SBI works with UAE’s TradeFinex to set up joint crypto venture in Japan By Cointelegraph

SBI Holdings and TradeFinex will look to drive trade finance adoption of the Virtual Machine-compatible enterprise blockchain XDC Network through a new joint venture in Japan.

United Arab Emirates-based firm TradeFinex operates its own decentralized platform on the XDC Network for trade finance originators to connect to a variety of banks and lending institutions. Aimed at enterprise use cases, TradeFinex primarily provides blockchain-based trade finance products, including invoicing, letters of credit, purchase order finance and supply chain finance.