Japanese financial giant SBI Holdings has released a new investor presentation revealing significant developments related to XRP and Ripple. From ETF proposals and stablecoin initiatives to Ripple’s expanding global footprint, the report outlines a future that could strengthen XRP’s position in regulated finance. Notably, XRP community figure WrathofKahneman called attention to the report in a tweet. XRP-Linked ETFs Proposed for Tokyo Stock Exchange Among the most notable highlights is SBI’s proposal to launch crypto-asset ETFs on the Tokyo Stock Exchange, including products explicitly linked to XRP. SBI proposal for XRP ETF Ripple’s RLUSD Stablecoin Coming to Japan Furthermore, the report highlighted that SBI is preparing to handle RLUSD, Ripple’s USD-backed stablecoin, within the current fiscal year. Issued under a trust license from the New York Department of Financial Services (NYDFS), RLUSD is serving several roles: Used for international remittances via Ripple Payments. Act as collateral in institutional trading through Hidden Road, a prime broker Ripple recently acquired. Potentially offered on SBI VC Trade, pending discussions. This move supports SBI’s broader stablecoin strategy, which includes both USD-backed and JPY-backed models aimed at B2B expansion. Ripple Payments in Use by 100+ Institutions While the XRP community often touts adoption by over 300 financial institutions, SBI’s report specifies that more than 100 financial institutions across 55 countries are actively utilizing Ripple Payments, XRP’s primary use case for international remittances. SBI Ripple Asia, the joint venture between the two companies, continues to lead innovation. Notably, SBI Remit began offering Japan’s first XRP-powered remittance service in 2021. Interestingly, SBI owns a 9% stake in Ripple, and the report notes that a future IPO or equivalent event could significantly boost its valuation. However, this potential gain is not yet reflected in SBI’s current investment earnings, suggesting room for future upside. Regulatory Easing The report also noted that Japan’s Financial Services Agency (FSA) is reviewing revisions to its crypto regulatory framework. The turnaround potentially opens the door for crypto-assets like XRP to be classified as financial instruments. Ultimately, the regulatory easing could fast-track the launch of SBI’s ETF products and stablecoin integrations.
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