Japan’s SBI Clears XRP Rumors, Says $4B Stake Is in Ripple Labs Not Tokens

SBI Holdings Clarifies XRP Holdings Status, Denies $10 Billion Claims

Japanese digital asset firm SBI Holdings has come forward to debunk recent rumors that the company holds billions in XRP.

CEO Yoshitaka Kitao has corrected the misleading information that the company holds $10 billion in XRP, stating that SBI Holdings actually owns a 9% equity stake in Ripple Labs.

Background and Clarification

The confusion started when an X user named Ledger Man praised the company for its expansion of the crypto business in Singapore through the acquisition of Coinhako, claiming that SBI Holdings owns $10 billion in the Ripple token.

• An X user named Ledger Man made the initial claim that SBI Holdings owns $10 billion in XRP.
• CEO Yoshitaka Kitao responded and corrected the misleading information.
• Kitao explained that SBI Holdings owns a 9% equity stake in Ripple Labs, not $10 billion in XRP.

“Not $10 bil. in XRP, but around 9% of Ripple Lab. So our hidden asset could be much bigger,” Kitao said.

Current Valuation and Potential Future Growth

As of now, the company’s valuation is almost $50 billion, which comes after Ripple raised $500 million in funding.

• The company's valuation is estimated to be almost $50 billion.
• SBI's 9% stake in Ripple is estimated to be worth around $4 billion.
• If the valuation of the firm were to go up substantially, the equity stake of SBI could increase accordingly.

SBI Holdings and Ripple Collaboration

The SBI Holdings and Ripple collaboration has been one of the most successful partnerships, contributing to the adoption of XRP worldwide.

• The partnership has been successful in contributing to the adoption of XRP worldwide.
• Kitao also indicated that the value of SBI’s stake in Ripple could increase in the future.

Crypto Firms Expand Into XRP Yield Offerings

Last December, SBI Ripple Asia partnered with Doppler Finance through a memorandum of understanding to explore yield products on the XRP Ledger and real-world asset tokenization.

• SBI Ripple Asia partnered with Doppler Finance to explore yield products on the XRP Ledger.
• The partnership aims to develop institutional-grade yield infrastructure for XRP and SBI Holdings investors.
• This could also increase the adoption of real-world assets on the blockchain.

Flare has also joined Morpho and Mystic to launch modular lending, and the network has taken other initiatives to improve DeFi plans for XRP users, including staking on Fireflight and yield tokenization on Spectra.

• Flare has joined Morpho and Mystic to launch modular lending.
• The network has taken other initiatives to improve DeFi plans for XRP users.