SBI Holdings Clarifies Its Position on XRP Holdings
- SBI Holdings CEO Yoshitaka Kitao refuted claims that the company holds $10 billion in XRP.
- The firm actually owns a 9% equity stake in Ripple Labs, valued at approximately $4 billion.
- SBI’s valuation is nearly $50 billion following Ripple’s $500 million funding round.
- The partnership between SBI and Ripple has significantly contributed to the global adoption of XRP.
- SBI Ripple Asia is exploring yield products on the XRP Ledger through a partnership with Doppler Finance.
The clarification from SBI Holdings highlights the distinction between their equity investment in Ripple Labs and direct holdings of XRP tokens, which could impact perceptions around their financial strategy and market positioning.
Kitao emphasized that SBI’s stake in Ripple Labs could be worth more as the company’s valuation increases, reinforcing their significant role in the cryptocurrency ecosystem. (Source)
