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Major Ripple Partner SBI Holdings Teams with Saudi Aramco for Digital Expansion

SBI Holdings, a leading partner for blockchain firm Ripple, has recently announced a strategic partnership with Saudi Aramco, the state-owned oil giant of Saudi Arabia. This collaboration, formalized through a memorandum of understanding (MoU), marks a significant advancement in SBI's expansion into the Middle East. The focus of this partnership is on digital asset investment and semiconductor production. The MoU, signed on December 7, outlines the potential collaboration in digital assets and co-investment in digital asset portfolios. A key aspect of this partnership is the establishment of SBI Middle East in Riyadh, which will serve as the operational base in the region.

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