Japanese financial giant SBI forms JV with UAE layer 1 project
![Japanese financial giant SBI forms JV with UAE layer 1 project](/content/images/size/w1200/2024/01/5189_6279_2140.jpg)
According to Cointelegraph, Japanese financial conglomerate SBI Holdings has announced that it has established a joint venture, SBI XDC Network APAC (hereinafter referred to as SBI XDC), with TradeFinex, the local operator of the United Arab Emirates' Layer 1 project XDC. SBI XDC is already undergoing proof-of-concept testing." In September, SBI announced plans to establish a joint venture with TradeFinex.