"Distributed financial technology is undoubtedly transforming financial infrastructure and we're excited to drive its adoption throughout Asia." SBI Holdings has a long track record of success building joint ventures with international financial services brands, including E-Loan, E*Trade, MorningStar, and Sumitomo Mitsui Trust Bank. The company also holds stakes in 10 financial institutions across Asean, providing a ready-made distribution network for Ripple Connect, the firm's enterprise-grade settlement package.