XRP Settlement DEMO in Japan & Future Hedge in 6.6T FX Swap Trade Finance, Sumitomo, FXCoin & SBI

Sumitomo Corporation will settle receivables and payables with group companies on a trial basis using XRP. Sumitomo Corporation will make a future transaction with us to hedge the price movement of XRP and sell XRP to us on a specific date.

FXCoin is confident that the demonstration experiment conducted this time will not only show the usefulness and future potential of future transactions using cryptocurrency assets for the first time in Japan, but will also lead to the establishment of the Swap market for cryptocurrency assets listed by the Company. .. By expanding this Swap market, we will contribute to the expansion of transactions with crypto assets as quoted prices.

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