SBI CEO Yoshitaka Kitao Claims Ripple’s Hidden Assets Exceed $10 Billion in XRP Holdings

The head of Japanese financial group SBI Holdings suggests Ripple possesses undisclosed assets surpassing its XRP cryptocurrency reserves valued at over $10 billion.

XRP

Summary

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Terms & Concepts
  • XRP: A digital currency created by Ripple for fast, low-cost cross-border payments.
  • Hidden Assets: Undisclosed or non-public financial holdings or resources owned by an entity.
  • SBI Holdings: A Japanese financial services company involved in banking, asset management, and cryptocurrency investments.