Ripple news: SBI Holdings CEO Yoshitaka Kitao has stepped in to correct misleading claims that the company holds $10 billion worth of XRP, clarifying that its real exposure comes from a significant equity stake in Ripple Labs.
His response comes as Ripple’s native token XRP price is trading around$1.46, and seeing a 4% weekly gain.
The confusion started after an X user named Ledger Man praised Ripple-backed SBI Holdings for expanding its crypto presence in Singapore through the acquisition of Coinhako.
However, what truly grabbed attention was the claim that SBI Holdings owns $10 billion worth of XRP.
Yoshitaka Kitao responded directly to the post and corrected the numbers. He made it clear that SBI does not hold $10 billion in XRP tokens. Instead, the company owns about a 9% equity stake in Ripple Labs.
This is an important difference. SBI’s exposure is not through direct XRP holdings, but through its ownership in Ripple itself. The clarification shifts the focus away from token holdings and toward the long-term SBI-Ripple partnership.
Ripple has an important role in cross-border payments and decentralized finance (DeFi). As of now, the company’s valuation is close to $50 billion. This follows a $500 million funding round and its expansion into stablecoins and digital asset custody services.
As per this valuation, SBI’s 9% equity stake in Ripple gives it an estimated exposure of around $4.5 billion.
The SBI Ripple partnership has been one of the strongest collaborations driving XRP adoption globally. SBI Holdings has actively supported Ripple’s expansion, especially across Asian markets where demand for faster cross-border payments continues to grow.
Kitao also suggested that SBI’s Ripple stake could be more valuable in the future.
As of now, XRP price is trading around $1.49, reflecting a drop of 6% today, while showing a 4% rise in a week.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Chainlink (LINK) is quietly regaining momentum as a combination of improving on-chain activity, growing institutional…
The Crypto Clarity Act is approaching a key deadline as the U.S. Senate has limited…
The amount of XRP needed to rank among the network's top holders has fallen, making…
South Korea's stock market gained as Samsung Electronics and SK Hynix shares rose 4.6% and…
The CLARITY Act this week has crossed a major hurdle after President Donald Trump approved…
OpenAI disclosed a major AI security incident in which a combination of models, including the…
