Ripple Backed SBI Holdings CEO Breaks Silence on $10 Billion XRP Holdings Report
The post Ripple Backed SBI Holdings CEO Breaks Silence on $10 Billion XRP Holdings Report appeared on BitcoinEthereumNews.com.
SBI Holdings CEO Yoshitaka Kitao has clarified recent reports that suggested the Japanese financial giant holds $10 billion worth of XRP tokens. In a direct response to the inaccurate claims, Kitao confirmed that SBI’s position is not in XRP tokens but in Ripple Labs, the company behind the XRP ledger. SBI owns a significant 9% equity stake in Ripple Labs, which allows the firm to benefit from the company’s growth, rather than directly holding XRP itself. SBI Holdings Investment in Ripple Labs SBI CEO Kitao took to X to correct the financial misunderstanding after a user, @strivex_, claimed that SBI was a major XRP holder. The user had referred to SBI’s recent expansion into Singapore and suggested that SBI held $10 billion worth of XRP tokens. In a quoted response, Kitao emphasized that holding $10 billion in XRP would expose SBI to significant volatility, whereas owning equity in Ripple Labs gives the company a solid stake in Ripple’s overall ecosystem without the risks associated with holding the token. SBI’s stake in Ripple Labs means that the firm has a significant portion of the company’s equity, as Ripple continues to develop its blockchain technology and grow its network of institutional partnerships. This is a notable distinction, as it aligns SBI with Ripple’s long-term business prospects rather than the daily price fluctuations of XRP itself. Ripple’s Ecosystem and Valuation Ripple’s ecosystem is seen as a key enabler of cross-border payments and decentralized finance (DeFi). Recent private market reports have suggested that Ripple’s valuation could exceed $50 billion, given the company’s growth potential and the increasing institutional adoption of XRP and its ledger. According to these valuations, SBI’s 9% stake in Ripple Labs would be worth approximately $4.5 billion today. SBI Holdings CEO Yoshitaka Kitao also referred to Ripple’s overall ecosystem as a…
Filed under: News - @ February 15, 2026 12:24 pm