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SBI Ripple Asia

Fast and secure payment platform powered by Ripple’s Distributed Ledger Technology

SBI Ripple Asia

SBI Ripple Asia is providing a next-generation payment platform powered by DLT (Distributed Ledger Technology) to financial institutions and remittance transfer providers in Asia as a joint venture of SBI Holdings and Ripple, a US FinTech venture.

In recent years, customer behavior and the demands for payments have evolved.

The needs for foreign exchange are also emerging with cross-border e-commerce and business expansion of Japanese companies to Asia. As a result, SBI Ripple Asia is working on a new payment platform for financial institutions. We established “Japan Bank Consortium” with banks in Japan in October 2016. (61 banks are participating as of July 2017). This consortium is building and commercializing RC Cloud – the world’s first and Japan-originated new payment platform which unifies domestic and foreign exchange using Ripple’s solution. With this platform, seamless settlements and payments are expected with banks and beyond.

SBI Ripple Asia is working to accelerate the trend of blockchain-based technologies moving toward commercialization and to expand RC-cloud technology overseas.

Corporate Profile

Company name SBI Ripple Asia Co., Ltd.
Principal business Planning, Development, Sales, Maintenance, Operation, Import and Export of Blockchain and Distributed ledger technology based Fintech solutions and those consulting
Representative Takashi Okita
Location Izumi Garden Tower, 1-6-1 Roppongi, Minato-ku, Tokyo
Date of establishment May 18, 2016
Paid-in capital 350 million yen include in Capital Reserve, etc.
Shareholders * SBI Group 60.0%
Ripple Labs Inc. 40.0%
URL https://ripple.com/sbi-ripple-asia/

* Ownership percentage is based on voting rights. SBI Group's shareholding percentage corresponds to a total percentage based on the IFRS criteria for subsidiary companies and subsidiary funds of the Group.

(As of September 30, 2017)

Corporate Information & SBI Group