Ripple Forms Strategic Alliance with HashKey DX to Innovate in Japan

San Francisco-based Ripple announced a partnership with Tokyo-based HashKey DX, a specialized consulting company in blockchain technology. HashKey DX is an arm of the HashKey Group designed to provide support for foreign companies set to expedite their growth process within the Japanese market.

The main aim of the partnership is to roll out enterprise solutions for Japanese customers with the help of the XRP Ledger. And they will be introduced in partnership with SBI Ripple Asia, the joint venture between the Japanese financial powerhouse and Ripple, which launched its operations way back in 2018.

Most importantly, SBI Group will be introducing this supply chain solution to Japan-based corporations. Brad Garlinghouse, CEO of Ripple, was talking about his company's latest partnership in a post on the X social media network.

Founded in 2018, based in Hong Kong, HashKey is Asia's leading end-to-end cryptocurrency service group. Group specialises in providing services to retail customers and institutional investors. It is in excess of $7 billion in total trade, with the number of registered companies in excess of 4,000.

This January, HashKey Group closed $100 million in fresh funding, following a Series A financing. It was valued at $1.2 billion.