HomeNewsSBI CEO Kitao Rebukes $10B XRP Claim: SBI Holds ~9% of Ripple...

SBI CEO Kitao Rebukes $10B XRP Claim: SBI Holds ~9% of Ripple Labs, Owns No XRP – Confirms

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On February 15, 2026, SBI Holdings CEO Yoshitaka Kitao replied on X to correct claims that the company had invested $10 billion in XRP. He clarified the firm holds about 9% of Ripple Labs and does not hold XRP, explaining the company’s actual position (stated).

A user named Ledger Man (@strivex_) had posted that SBI was “a major partner of Ripple and holder of $10 billion in XRP,” and that it was expanding in Asia via a Coinhako acquisition. That claim prompted the CEO’s public correction.

Yoshitaka Kitao directly wrote the company’s correction on X, saying “Not 💲10 bil. in XRP.but around 9% of Ripple Lab. So our hidden asset could be much bigger,” which removed speculation about SBI holding the token. The reply links the firm’s exposure to a stake in the fintech rather than token ownership (Kitao’s reply).

Ripple provides a ledger system for cross-border payments separate from its native token, XRP. (Ed. note: institutional interest has often focused on Ripple’s ledger rather than direct token holdings.)

The clarified stake in Ripple Labs gives SBI Holdings a strategic position to expand fintech services and enter new markets, while the company maintains it holds no XRP.

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