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A consortium for analysis of the blockchain use for brokerage services is created by SBI Ripple Asia, a joint venture of the Japanese investment firm SBI and the startup Ripple from San Francisco. The consortium will include 18 securities firms, including companies such as SBI Securities, Daiwa Securities, and Nomura Securities. The new consortium will combine the joint efforts of brokerage firms to explore new technologies to increase efficiency and reduce costs. In addition, SBI Ripple Asia reported that the consortium would form the DLT Advanced Experiment working group for further operation with the blockchain in the frame of financial services expansion.


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