SBI XDC Network APAC Advances Regional Blockchain Integration with TOPPAN Factoring Trial and DSRV Partnership
SBI XDC Network APAC, a joint venture between Japan’s SBI Holdings and UAE-based TradeFinex Tech, has completed two major initiatives aimed at accelerating enterprise blockchain adoption across the Asia-Pacific region. The company successfully executed an online trade factoring pilot utilizing digital corporate IDs with TOPPAN, while simultaneously entering a strategic partnership with South Korean blockchain infrastructure firm DSRV Labs to co-develop cross-border use cases.
TOPPAN Pilot Automates Trade Factoring via vLEI Digital IDs
In an initiative conducted from June 23 to July 6, 2026, SBI XDC Network APAC partnered with TOPPAN to successfully transition the trade factoring pipeline into a fully automated, online process. The trial integrated TOPPAN’s verifiable Legal Entity Identifier (vLEI) platform with SBI XDC’s proprietary trade digital transformation (DX) application.
Using historical transaction data from SS Trading—an SBI Group subsidiary exporting used vehicles and components—the trial confirmed that cross-border counterparty verification and document authentication could be completely digitized. By deploying vLEI credentials, the system successfully automated corporate existence checks for international buyers, significantly reducing the administrative overhead and compliance friction typically associated with anti-money laundering (AML) protocols. Furthermore, the cryptographic properties of the XDC Network ensured that the recorded receivables remained immutable and verifiable. The two entities intend to commercialize the solution to mitigate corporate impersonation and fraud risks across global supply chains.
DSRV Strategic Alliance to Target Japan-Korea Enterprise Corridors
Building on its operational momentum, SBI XDC Network APAC announced a formal alliance with South Korean blockchain infrastructure provider DSRV Labs. The partnership is designed to establish commercially viable enterprise use cases across the Japanese and South Korean markets utilizing the XDC Network, a Layer-1 public blockchain optimized for trade finance and institutional deployment.
DSRV, a registered Virtual Asset Service Provider (VASP) under the Korea Financial Intelligence Unit (KoFIU), brings robust regulatory compliance and extensive node-operating expertise to the alliance. Managing roughly 4 trillion won in digital assets across more than 70 network nodes, DSRV is scheduled to formally join the XDC Network as a validator in the second quarter of fiscal year 2026.
The joint initiative will focus on three primary operational tracks:
- Exploring deployment opportunities in trade finance and supply chain logistics.
- Assessing the utility of digital assets and tokenization technologies.
- Designing cross-border corporate collaboration and implementation models bridging Japan and South Korea.
Institutional Synergy in APAC Trade Finance
The dual announcements underscore a coordinated effort to modernize institutional trade infrastructure via the XDC Network. By resolving friction points in identity verification with TOPPAN and solidifying localized network infrastructure with DSRV, SBI XDC Network APAC is positioning itself to capture growing corporate demand for automated data sharing, tokenized asset management, and compliant cross-border settlements.
Norbert Gehrke
