SBI's XRP Surge: 7x Value Boost in New Report

Coin WorldSaturday, Mar 1, 2025 2:38 am ET

1min read

SBI Holdings, a major Ripple partner, has recently released a financial report that sheds light on the impressive rise of XRP. The report highlights XRP's growing market presence and a 7x surge in its value. Let's delve into the key findings and their implications.

As of February 2, 2025, approximately 57.76 billion XRP are in circulation, with a maximum supply of 100 billion. This means that a significant portion of XRP is still held in reserve. Ripple currently holds 4.79 billion XRP, while 37.43 billion XRP remain locked in escrow. This escrow system ensures a gradual release of XRP to prevent excessive market supply.

The report also discusses the burning of XRP through transaction fees, which has reduced the total supply over time. This mechanism helps maintain the efficiency and security of the XRP Ledger by preventing spam transactions.

SBI has rewarded its shareholders with XRP on five occasions since March 2020, totaling 796 XRP per shareholder. Initially, the value of these distributions was around 8,000 Japanese Yen, calculated at an average of 50.2 Yen per XRP. However, as of February 6, 2025, the value surged to 354.6 Yen per XRP, nearly seven times the original value. This increase reflects XRP's strong market performance and growing adoption.

The long-standing partnership between SBI and Ripple continues to expand. SBI, which owns a 9% stake in Ripple, has been instrumental in promoting XRP adoption. The two companies formed SBI Ripple Asia in 2016 to enhance cross-border payments in the Asia-Pacific region. In 2021, SBI Remit introduced Japan's first international remittance service using XRP. The collaboration is now set to extend into the NFT space, with plans to issue NFTs on the XRP Ledger at Expo 2025 in Osaka, Japan.

Additionally, SBI recently launched RLUSD, a stablecoin linked to the US dollar, further strengthening its presence in the digital asset space. The strong partnership between SBI and Ripple continues to push XRP forward, making it a key player in the evolving crypto

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