The post Ripple News: SBI CEO Denies $10B XRP Holdings Claim appeared first on Coinpedia Fintech News
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.
Ripple News: SBI CEO Rejects $10B XRP Holdings Rumor
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.
SBI’s Current Ripple Holding
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.
SBI Ripple Partnership Strengthens Institutional Confidence in XRP
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.