The discussion about the roles of Ripple and Chainlink within SBI Holdings has sparked active debates in the crypto community. Pro-XRP lawyer Bill Morgan has commented on this situation, explaining that the projects do not compete but complement each other.
Ripple's Role: Payments and Liquidity
Bill Morgan pointed out that Ripple has had a close relationship with SBI Holdings in Japan for many years, which goes beyond mere investments.
Together, they’ve developed tools such as MoneyTap, an app that helps people in Japan transfer money instantly between banks and ATMs. SBI also uses XRP for international remittances, making the process significantly faster and cheaper.
Additionally, SBI’s digital division is exploring NFT projects on the XRP Ledger, indicating Ripple’s expanding role beyond payments.
Recently, Ripple announced a partnership with SBI Holdings to introduce the RLUSD stablecoin in the country, with a launch planned for early 2026.
Chainlink's Role: Tokenization and Data Infrastructure
Morgan explained that SBI’s partnership with Chainlink focuses on institutional infrastructure, not retail payments. It’s about tokenized real-world assets, such as real estate and bonds, tokenized funds, and regulated stablecoins for Japan and the wider Asia-Pacific region.
With tools like Proof of Reserve and SmartData, Chainlink can provide transparency and security for stablecoins and tokenized funds. This is more about building infrastructure for large institutions.
Complementing, Not Competing
Morgan highlights that Ripple and Chainlink are solving different problems. Ripple strengthens payment networks and liquidity, while Chainlink builds infrastructure for tokenization and institutional adoption.
He pushes back on ‘anti-XRP’ narratives and the idea that LINK is ‘the one coin to rule them all.’
In reality, both Ripple and Chainlink are carving out essential roles, not rivals, but partners in driving blockchain’s future.
The interaction between Ripple and Chainlink within SBI Holdings illustrates how different technologies can effectively complement each other, creating a more integrated blockchain ecosystem in Japan and beyond.
