SBI Holdings, one of Ripple Labs’ long-term shareholders, has decided to exclude the XRP held in escrow when valuing its Ripple shares.
SBI Holdings' Stance on XRP Valuation
SBI Holdings, which holds nearly 10% equity in Ripple, stated in its latest report to shareholders that it would not consider the XRP held in escrow in its valuation of Ripple shares. This decision is prompted by the expectation of a proper valuation of these assets.
SBI's IPO Expectations for Ripple
SBI's Business Innovator Group anticipates that a clear valuation, factoring in the escrow XRP, will be established following Ripple's IPO or another similar event. This is expected to contribute to the proper assessment of the company’s assets.
Context of Ripple's Escrow Program
Ripple Labs manages a significant amount of escrowed XRP, currently reported at approximately 36.5 billion tokens. The discussions surrounding this asset and its valuation impact the overall investment value of SBI in Ripple.
SBI Holdings' decision to exclude escrowed XRP from its asset valuation highlights the need for a clear determination of Ripple's value ahead of a potential IPO, which is significant for both SBI and other investors.
