SBI CEO Claims XRP Is Key to Massive Wealth Shift as Price Nears $3

• XRP nears $3 as institutional backing fuels massive market surge.
• SBI CEO calls XRP the generation’s biggest wealth transfer tool.
• Ripple’s banking moves hint at XRP’s growing real-world adoption.

XRP saw renewed investor interest last week after recording one of its strongest rallies in recent months. The token surged close to the $3 mark on Friday, pushing its total market value to nearly $170 billion.

According to SBI Global Asset Management CEO Tomoya Asakura, XRP is not just another digital asset but “the wealth transfer of our generation.” He considers its recent popularity with financial institutions a fundamental change in the location and transfer of the value of the globe.

Asakura cited XRP payments and remittance services as areas of extensive adoption and evidence of its increased usage in the real world of finance. He also indicated that the penetration of regulated banks is expected to increase the pace of the XRP penetration into the mainstream systems.

Asakura also cited Ripple’s recent action to engage BNY Mellon as the custodian of its RLUSD stablecoin. He explained that the collaboration between RLUSD and XRP is strategic in terms of preparing the framework of the new-generation global payment system.

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SBI Backs XRP as Strategic Asset in Financial Transformation

SBI Holdings remains one of Ripple’s most committed partners, holding a 9% stake in the U.S.-based blockchain firm. Through subsidiaries like SBI Remit and SBI VC Trade, the Japanese financial giant actively uses XRP in real-time money transfers.

In a recent development, SBI VC Trade joined forces with finance company Aplus to allow users to convert credit card points into XRP and other digital currencies. This step shows that SBI is also moving towards making XRP more accessible to ordinary people.

According to Asakura, another milestone in the token’s journey is Ripple LLC’s filing for a banking license in the United States. If it becomes approved, it would train faster usage among institutions and generate a use case in conventional banking frameworks.

SBI is still running validators on the XRP Ledger, further cementing its position in the network in terms of trust and decentralization. These initiatives indicate that the company believes in the future of global finance, where XRP is used.

With its price approaching $3 and rising institutional backing, XRP is gaining ground as a serious player in digital finance. Backed by SBI’s continued support, it is being positioned not only as a crypto asset but as a bridge to the next era of global wealth transfer.

Also Read: XRP Set to Explode? Analyst Predicts Massive Surge to $123 After Breakout

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