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XDC Network, R3 Corda complete inter-business settlement PoC

SBI XDC Network APAC Co., Ltd. and SBI R3 Japan Co., Ltd. have successfully completed a proof-of-concept experiment.

The PoC proved that value via digital asset can be transferred over different distributed ledger technologies (DLT), XDC Network and R3 Corda platform, as a form of payment to improve efficiency and facilitate inter-business settlement in trade transactions.

Furthermore, to deepen the collaboration between the XDC Network and Corda within the SBI Group and to expand the use cases of Corda Bridge, the ownership of the Corda Bridge used in this experiment will be transferred today from the current IMPEL GLOBAL to the joint venture company SBI XDC Network APAC Co., Ltd..

The partnership between the SBI Group and the XDC Network, which started on May 31, 2023, with the launch of the first domestic handling of the XDC cryptocurrency
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