The post Ripple Partner SBI Shares Insights into Current XRP within Ripple Escrow in Latest Financial Statements appeared on BitcoinEthereumNews.com.

SBI Holdings, a long-standing Ripple partner, recently discussed details about XRP in its financial results for the fiscal year ending March 2025. Released on Feb. 7, 2025, the report only recently gained traction within the XRP community after WrathofKahneman (WOK), a notable figure in the space, called attention to it in a post on X. Notably, the document, which highlights SBI’s financial statements for the nine months ending in December 2024, also discusses XRP’s circulation status, the market value of shareholder benefits tied to the asset, and the growing partnership with Ripple. XRP in Circulation and in Ripple Escrow One section of SBI’s report focuses on XRP’s circulation status as of Feb. 2, 2025. It reveals that out of a maximum supply of 100 billion XRP, approximately 57.76 billion XRP are circulating in the market, with a market capitalization equivalent to around 20 trillion Japanese Yen.  Notably, around 0.01 billion XRP have been burned as transaction fees, a mechanism inherent to the XRP Ledger that helps mitigate spam transactions. Data from XRPScan corroborates these figures, showing that the XRPL has burned exactly 13.625 million XRP since inception. XRP in Ripple Escrow The report also breaks down the remaining XRP, revealing that Ripple currently holds about 4.79 billion XRP, while a substantial 37.43 billion XRP remains locked in escrow. For context, the Ripple escrow system ensures that XRP is released gradually, preventing market oversaturation.  XRP as Shareholder Benefits Meanwhile, in another section of the report, SBI highlighted the market value of shareholder benefits distributed in XRP over the past few years.  Since March 2020, they had distributed XRP as shareholder benefits on five occasions, totaling 796 XRP, which equates to roughly 8,000 Japanese Yen in value.  When weighted against the average price of XRP over these five distributions, the value stands…

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Filed under: News - @ March 1, 2025 4:23 pm