During a results briefing with SBI Financial, the CEO of SBI Group, Yoshitaka Kitao revealed that the company had already started to begin talks for a new project for R3 which exclusively uses Ripple.
Speaking on the matter, Kitao said:
“We have already begun discussions to create a project to use XRP for R3. By using R3, XRP is used more extensively.”
The SBI Group is one of the biggest multi-billion dollar financial firms in Japan which operate with three primary businesses in biotech, financial services and asset management. Since the creation of SBI Ripple Asia, a consortium of over 60 Japanese banks, the Group decided to lead the development and deployment of all XRP related products in Asia.