Ripple IPO Could Bring Windfall for SBI as It Plans XRP ETF in Japan
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最新报道：SBI Holdings announced plans to launch an XRP-linked exchange fund, reinforcing its long-standing partnership with Ripple. The Japanese financial group, holding 8-9% of Ripple's equity, anticipates significant gains once Ripple goes public, potentially unlocking over ¥1 trillion ($6.5 billion) in unrealized profits. Ripple President Monica Long confirmed no IPO plans for 2025, citing strong financials, while CEO Brad Garlinghouse echoed this stance. SBI's Yoshitaka Kitao proposed an XRP buyback program to boost shareholder value, likened to MicroStrategy's strategy. SBI also aims to introduce a crypto ETF on the Tokyo Stock Exchange, featuring XRP, and partnered with Franklin Templeton for regulated crypto ETFs. Despite regulatory hurdles, including the SEC's pending appeal against Ripple, XRP's price rose 6% in 24 hours to $3.05.
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