On April 30, Ripple announced a partnership with HashKey Group, expanding its collaboration with financial giant SBI Group.

The joint venture with HashKey DX, a specialist consulting firm of Tokyo-based HashKey Group, aims to bring XRP Ledger (XRPL) enterprise solutions to the Japanese market.

HashKey DX will be bringing supply chain finance solutions to Japan through this partnership, which the company's CEO Brad Garlinghouse highlighted in the post.

The supply chain technology will be built on the Ripple blockchain - XRP Ledger. SBI Group companies will be the first Japanese corporates to use this solution for supply chain finance, according to the statement.

HashKey Group launched blockchain supply chain solutions in 2019 and is seeing significant adoption in China.

There are currently over 4,000 registered companies, including 23 banks and 4,300 suppliers, with a total trading value of over $7 billion.

Ripple's token, XRP, did not respond to the news and was trading 1.7% higher on the day, trading at $0.514 at the time of writing.