Ripple's MoneyTap Gets Investment From Second Largest Bank in Japan Published 19 minutes ago, by Alex Morris u.today Sumitomo Mitsui Banking Corporation (SMBC) invests in MoneyTap and R3's Corda as part of its partnership with SBI Holdings Sumitomo Mitsui Banking Corporation (SMBC), the second-largest banking institution in Japan, has partnered with SBI Holdings to build a Blockchain-based financial service platform, The Nikkei reports. As part of the tie-up, the mega-bank decided to invest in the blockchain-powered payments app MoneyTap, which was developed by Ripple and SBI Holdings. Apart from MoneyTap, SMBC will also invest in R3’s Corda platform in Japan. SBI Holdings formed a joint blockchain venture in Japan with the US-based software company back in January 2019.