The company thrives on the cryptocurrency market's robust growth

Janak9955

SBI VC Trade's representative director and CEO, Tomohiko Kondo, expressed gratitude to clients and stakeholders in a recent social media statement. He attributed the company's success to the significant growth of the cryptocurrency asset market. Kondo highlighted the outstanding performance of XRP, which is a focal point for SBI VC Trade and the broader SBI Group. The SBI Group, a Japanese financial institution, continues its active collaboration with Ripple, as evidenced by the establishment of a joint venture earlier this year, strengthening their partnership. Kondo emphasized the crucial role played by SBI Ripple Asia in this collaboration, with SBI holding a majority 60% stake, and Ripple Labs holding the remaining 40%. This entity aims to introduce Ripple's remittance solutions to bank accounts in Southeast Asia.

Jiger955

It also needs to grow more.

Jatin255

There is significant potential for growth.