In the words of Andy Dan, the CEO of HashKey DX, "XRPL [is] the ideal blockchain infrastructure for us to build our proven supply chain finance solution, with its proven enterprise track record and unmatched performance metrics."
Ripple (XRP) has partnered with HashKey DX to launch enterprise-grade supply chain finance solutions based on the XRPL blockchain in Japan.
In the official statement, Ripple announced that the firm will team up with HashKeyDX and SBI Group to build supply chain finance solutions on the XRPL, Ripple's layer-1 network.
This partnership will make SBI Group and its affiliated entities the first Japan-based companies to utilize blockchain-powered supplier chain solutions. According to Ripple, the three firms will undertake more joint ventures to explore the enterprise use cases of the XRP blockchain.