Top SBI Executive Makes Major XRP Statement
2025-07-13 08:44:20
Main Idea
SBI Global Asset Management CEO Tomoya Asakura states that XRP represents a generational wealth transfer and predicts increased adoption by banks and financial institutions.
Key Points
1. XRP recently experienced a substantial rally, approaching the $3 mark with its market cap swelling to nearly $170 billion.
2. Asakura noted that XRP's adoption by banks and financial institutions is expected to increase in the future.
3. SBI has a 9% stake in Ripple and uses XRP for remittances via SBI VC Trade and SBI Remit, while also operating validator nodes on the XRP Ledger.
4. SBI VC Trade collaborated with Aplus to enable the exchange of credit card points for XRP.
5. Asakura commented on Ripple choosing BNY Mellon as the custodian for the RLUSD stablecoin, highlighting the potential for layered payments with XRP.
Description
XRP represents generational wealth transfer, according to SBI Global Asset Management CEO Tomoya Asakura
