sbi ripple - SBI CEO Reveals 9% Stake in Ripple, Eyes Expansion in Asia
SBI Holdings CEO Yoshitaka Kitao has clarified that the firm holds a 9% stake in Ripple Labs, countering speculation that it owns $10 billion in XRP. Kitao emphasized that SBI's equity in Ripple could represent a significant hidden asset, potentially exceeding $10 billion, especially if Ripple pursues a public listing. This revelation shifts focus from direct XRP holdings to broader equity exposure in Ripple's ecosystem.SBI is also expanding its digital asset presence in Asia, announcing plans to acquire a majority stake in Singapore-based crypto platform Coinhako. This move is part of SBI's strategy to strengthen its digital asset network across Asia, including tokenized stocks and stablecoins. Additionally, SBI plans to launch a Crypto Asset ETF in Tokyo, featuring Bitcoin and XRP, pending regulatory approval.SBI Holdings, a major Japanese financial group, manages ￥10 trillion in assets and is aggressively expanding into digital assets. The firm aims to grow its crypto business through strategic investments and its 9% stake in Ripple, which could significantly increase in value following a public listing or similar valuation event.
This detailed match analysis covers key moments, player performances, and tactical insights.
Key Statistics
Possession: 55% - 45%
Shots on target: 6 - 3
Pass accuracy: 88% - 82%
Corners: 5 - 2
Player Ratings
- Home MVP: John Doe (9.2)
- Away MVP: James Smith (8.7)
Post-Match Analysis
The manager praised the team's resilience after coming from behind. "We showed great character," he said.
This win moves them to the top of the league table with 45 points.
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