SBI CEO Yoshitaka Kitao Corrects $10B XRP Holding Rumors

• SBI’s CEO Yoshitaka Kitao publicly clarified that SBI doesn’t own $10 billion worth of XRP.
• Kitao called Ripple a hidden asset that could be worth much more depending on how it grows.
• SBI is one of Ripple’s most important global partners, specifically in Asia.

There have been speculations spread online about SBI (a financial services company in Japan) owning about $10 billion worth of XRP. The story took off quickly in crypto circles, especially among XRP enthusiasts, because SBI has long been known as a huge backer of Ripple and the XRP ecosystem.

However, SBI’s CEO Yoshitaka Kitao publicly denied the claim, clarifying that SBI doesn’t own $10 billion worth of XRP. Instead, it owns about 9% of Ripple Labs, which is the company behind XRP.

Kitao called this a potential hidden asset that could be worth much more depending on how Ripple grows in the future…

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