In a recent development that underscores Ripple’s growing presence in Japan’s financial sector, SBI Holdings has reaffirmed its commitment to XRP and the XRP Ledger (XRPL) through a range of initiatives, including international remittances, stablecoin deployment, and non-fungible tokens (NFTs).
These updates were featured in SBI Group’s May 2025 report, which outlines the company’s ongoing collaboration with Ripple and reveals new strategic directions. Coin Bureau shared a screenshot of this report on X, revealing that the financial services giant holds approximately 9% of Ripple Labs, making it the largest external shareholder.
The two companies co-founded SBI Ripple Asia, with SBI Group controlling a 60% stake. This joint venture has already brought blockchain-based remittance services to Japan, using XRP as a bridge currency since 2021.
According to the report, SBI Remit remains focused on leveraging XRP for cross-border payments and will be providing Japan’s first international remittance service powered by the digital asset.
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🇯🇵 Financial Conglomerate SBI Holdings to provide remittance services via Ripple Ledger called SBI Remit.
RLUSD stablecoin is set to expand SBI VC Trade, and XRPL powered NFTs at Expo 2025 Osaka — all confirmed in SBI Group’s May report. pic.twitter.com/wQbCEQQuPT
— Coin Bureau (@coinbureau) June 8, 2025
NFTs on the XRPL and Expo 2025 Osaka
In addition to remittance services, SBI is also advancing its use of Ripple’s infrastructure for non-financial applications. The report highlights that NFTs issued on the XRPL will be showcased at Expo 2025 in Osaka, Kansai, Japan. This confirms a new layer of adoption for the digital asset, broadening its use beyond traditional finance into digital collectibles and event engagement.
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The XRPL’s NFT functionality was introduced through amendments and token standards and allows issuers to mint and trade NFTs with minimal transaction costs. Integrating these into a major world expo points to institutional confidence in the network’s scalability and performance.
More Institutional Integration for RLUSD and XRP
The report also discloses that discussions are underway regarding RLUSD, Ripple’s stablecoin. The firm launched RLUSD last year as part of its broader stablecoin strategy, and SBI revealed its plans to integrate the stablecoin into its digital ecosystem in early 2025.
Another forward-looking note in the report confirms SBI’s intention to partner with Hidden Road, the prime brokerage firm that Ripple recently acquired for $1.25 billion.
The details in SBI Group’s report indicate a sustained institutional commitment to XRP’s ecosystem. From XRP-powered remittances to NFTs and the integration of RLUSD, the partnership appears to be evolving across multiple fronts with XRP in the middle of everything.
As Coin Bureau noted, Ripple and SBI are continuing to make “quiet power moves,” with the potential to reshape blockchain use cases in Japan and beyond.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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