SBI Holdings says $10B XRP talk is false, here’s what’s real
SBI Holdings has pushed back against claims circulating on social media that it holds $10 billion worth of XRP, clarifying that the figure is inaccurate and misrepresents the company’s actual exposure to Ripple.
- SBI Holdings denied holding $10 billion in XRP, correcting viral social media claims that overstated its token exposure.
- CEO Yoshitaka Kitao clarified that SBI owns around 9% of Ripple Labs, not a multibillion-dollar stash of XRP tokens.
- The company described its Ripple equity stake as a potential “hidden asset,” suggesting long-term strategic value rather than direct crypto holdings.
SBI Holdings denies $10B XRP claims
The confusion appears to have stemmed from a widely shared post stating that SBI, a long-time partner of Ripple, was a “holder of $10 billion in XRP” while expanding its footprint in Asia through the acquisition of Singapore-based crypto platform Coinhako.
However, SBI Holdings Chairman and CEO Yoshitaka Kitao publicly corrected the claim. In a reply on X, Kitao stated: “Not $10 bil. in XRP, but around 9% of Ripple Lab. So our hidden asset could be much bigger.”
The clarification makes a key distinction: SBI does not directly hold $10 billion worth of XRP tokens. Instead, the Japanese financial services giant owns approximately 9% of Ripple Labs, the U.S.-based blockchain payments company closely associated with XRP.
SBI has been one of Ripple’s most prominent strategic partners in Asia for years, backing joint ventures and promoting the use of Ripple’s cross-border payment solutions across the region. Its equity stake in Ripple Labs represents a corporate investment, not a treasury holding of XRP tokens.
Kitao’s reference to a “hidden asset” suggests that SBI views its Ripple equity stake as potentially undervalued, particularly if Ripple’s valuation strengthens following regulatory clarity and continued expansion.
The incident shows how quickly misinformation can spread in crypto markets, especially when equity investments and token holdings are conflated. The takeaway is clear: SBI’s exposure to Ripple is significant, but it is tied to ownership in the company itself, not a multibillion-dollar XRP stockpile.
You May Also Like
Santander UK Announces Intention to Appoint Nicola Bannister as New TSB CEO
CEO Sandeep Nailwal Shared Highlights About RWA on Polygon
