- SBI Holdings does not own direct XRP exposure, their relationship comes from a 9% equity stake in Ripple Labs, not direct token ownership.
- CEO Yoshitaka Kitao publicly refuted the claims of a $10 billion XRP holding on social platform X.
- SBI is expanding in Singapore through Coinhako while exploring XRP Ledger yield products.
Claims circulating on social media claim that SBI Holdings Japanese financial group, holds $10 billion in tokens. The company has, however, come out to clarify that its exposure is tied to equity in Ripple Labs, and they do not have direct ownership of XRP.
SBI Holdings XRP Rumors Addressed by CEO
SBI Holdings XRP claims began circulating after a social media post praised the firm’s crypto expansion. The post stated that the company owned $10 billion worth of XRP.
That assertion quickly gained attention across digital asset circles. In his response, Yoshitaka Kitao, Chairman and CEO of SBI Holdings, said that SBI does not hold $10 billion in XRP tokens; instead, SBI owns approximately 9% of Ripple Labs.
Therefore, the company’s exposure is through equity, not token reserves. The response corrected the narrative and reframed the discussion around SBI Holdings’ XRP involvement.
Ripple Equity Stake Valued Near $4 Billion
SBI’s ownership stake in Ripple Labs helped it recently complete a $500 million funding round.
That places Ripple’s valuation close to $50 billion. Based on that valuation, SBI’s 9% stake is estimated at around $4 billion.
This figure reflects equity ownership rather than token inventory. As a result, the earlier $10 billion XRP claim does not align with disclosed holdings.
Kitao added in his post that the firm’s “hidden asset” could grow further. If Ripple’s valuation increases, the value of SBI’s stake would rise accordingly.
SBI Holdings’ XRP exposure, therefore, depends on Ripple’s corporate growth, not token price swings alone.
Expansion Into Singapore and XRP Yield Products
Beyond the SBI Holdings XRP clarification, the group is expanding its regional crypto footprint. The company is pursuing a controlling stake in Singapore-based exchange Coinhako.
The move is being executed through its wholly owned subsidiary, SBI Ventures Asset. SBI signed a nonbinding letter of intent with Holdbuild, Coinhako’s parent company.
If completed, SBI would secure a majority stake. In the meantime, financial terms remain undisclosed, as the final structure is still under discussion.
In addition, SBI Ripple Asia signed a memorandum of understanding with Doppler Finance. The agreement is focused on developing yield products on the XRP Ledger.
It also targets real-world asset tokenization for institutional investors linked to SBI Holdings XRP initiatives.
Coinhako operates through Hako Technology, which is licensed by the Monetary Authority of Singapore.
The platform also runs Alpha Hako, registered with the British Virgin Islands Financial Services Commission. Initiatives include staking on Fireflight and yield tokenization on Spectra.