SBI Holdings CEO Yoshitaka Kitao denied the firm holds $10 billion in XRP, while confirming a substantial equity stake in Ripple Labs. The clarification aims to quell rumors about extreme token concentration and underscore SBI’s strategic tie to Ripple.
SBI Holdings has announced plans to acquire Singapore-based crypto platform Coinhako as part of a wider push to grow its digital footprint across Asia. The deal signals SBI’s intent to strengthen retail and institutional offerings in Southeast Asian markets.