⚠️ 𝗖𝗿𝘂𝗰𝗶𝗮𝗹 𝗥𝗶𝗽𝗽𝗹𝗲 (𝗫𝗥𝗣) 𝗠𝗼𝘃𝗲 𝗳𝗿𝗼𝗺 𝗢𝗻𝗲 𝗼𝗳 𝗝𝗮𝗽𝗮𝗻’𝘀 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀
SBI Holdings, one of Japan's leading financial institutions, announced its decision to join XRP Ledger (XRPL) as a validator.
The company's cryptocurrency subsidiary, SBI VC Trade, will begin operating as a node operator for the protocol starting May 10, 2024, to support the growth of the XRPL ecosystem.
SBI Holdings has a long-standing history of using XRP Ledger through Ripple Payments, a blockchain payment infrastructure provider that leverages XRP to facilitate global payments. Building on this relationship, SBI Holdings has expanded its relationship with XRPL through SBI VC Trade, becoming the latest node operator to join the network.
A representative from SBI VC Trade said:
💬 “𝙊𝙪𝙧 𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙨𝙩𝙖𝙧𝙩𝙚𝙙 𝙪𝙨𝙞𝙣𝙜 𝙓𝙍𝙋 𝙇𝙚𝙙𝙜𝙚𝙧 𝙖𝙨 𝙖 𝙫𝙖𝙡𝙞𝙙𝙖𝙩𝙤𝙧. 𝘽𝙮 𝙘𝙤𝙣𝙨𝙞𝙙𝙚𝙧𝙞𝙣𝙜 𝙖𝙣 𝙤𝙥𝙚𝙧𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙨𝙮𝙨𝙩𝙚𝙢 𝙩𝙝𝙖𝙩 𝙧𝙚𝙛𝙡𝙚𝙘𝙩𝙨 𝙩𝙝𝙚 𝙫𝙤𝙞𝙘𝙚 𝙤𝙛 𝙓𝙍𝙋-𝙝𝙤𝙡𝙙𝙞𝙣𝙜 𝙘𝙪𝙨𝙩𝙤𝙢𝙚𝙧𝙨, 𝙬𝙚 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙖𝙗𝙡𝙚 𝙩𝙤 𝙪𝙨𝙚 𝙩𝙝𝙚 𝙓𝙍𝙋 𝙇𝙚𝙙𝙜𝙚𝙧 𝙖𝙣𝙙 𝙥𝙧𝙤𝙘𝙚𝙨𝙨 𝙓𝙍𝙋 𝙩𝙧𝙖𝙣𝙨𝙖𝙘𝙩𝙞𝙤𝙣𝙨 𝙢𝙤𝙧𝙚 𝙙𝙞𝙧𝙚𝙘𝙩𝙡𝙮.”
Apart from joining the protocol as a validator, SBI VC Trade also aims to enter the Unique Node List (UNL), a list of trusted node operators that play an important role in ensuring the integrity of the network.
However, the company's contributions and achievements as a protocol node operator will determine its eligibility for the list.
