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Sujit Kumar
Mar 1, 2025
by Sujit Kumar

SBI Report Reveals XRP Growth & Deepening Ripple Partnership

SBI Report Reveals XRP

Table of contents

  1. Enhanced Shareholder Benefits
  2. Strengthening Ripple Partnership
SBI Holdings, a long-time Ripple partner, released its financial results for the fiscal year ending March 2025 on February 7, 2025. The report reveals that out of a maximum supply of 100 billion xrp, approximately 57.76 billion are in circulation, with a market capitalization around 20 trillion Japanese Yen. Additionally, about 0.01 billion XRP have been burned as transaction fees—a figure supported by XRPScan data showing that 13.625 million XRP have been burned since inception.

Enhanced Shareholder Benefits

The report also highlights the growing market value of XRP distributed as shareholder benefits. Since March 2020, SBI has issuedissued XRP on five occasions, totaling 796 XRP worth roughly 8,000 Japanese Yen at the time of distribution. The average value per XRP was about 50.2 Japanese Yen, but by February 6, 2025, this value had surged to 354.6 Japanese Yen per XRP—roughly seven times higher—reflecting significant appreciation in XRP’s price from 100 to 354.6 JPY per token.

Strengthening Ripple Partnership

SBI Holdings’ collaboration with Ripple continues to evolve. Having held a 9% stake in Ripple since 2012, SBI has been a key partner in advancing digital asset adoption in the Asia-Pacific region. The joint venture SBI Ripple Asia was established in 2016 to enhance remittance services, and by 2021, SBI Remit launched Japan’s first international remittance service using XRP as a bridge currency. The partnership is expanding further with plans to issue NFTs on the XRP Ledger at Expo 2025 in Osaka and the recent launch of RLUSD sales in December 2024.

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SBI Report Reveals XRP
SBI Report Reveals XRP Growth & Deepening Ripple Partnership
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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