Overview
- Kitao publicly corrected a viral post, saying SBI does not hold $10 billion in XRP and instead owns more than 9% of Ripple Labs.
- He described the position as a “hidden asset” and contrasted equity ownership with a token hoard, noting different risk and pricing dynamics.
- Recent references to Ripple’s valuation above $50 billion imply SBI’s stake could be worth about $4.5 billion on paper, subject to assumptions and liquidity discounts.
- A valuation for SBI’s holding above $10 billion would require Ripple to be worth more than roughly $111 billion based on the 9% figure.
- The update comes as SBI moves to acquire a majority stake in Singapore’s regulated exchange Coinhako to advance its regional digital-asset strategy.