SBI Holdings, one of Japan's leading financial institutions, has announced the successful use of Ripple Payments while presenting new investment strategies including ETF launches and stablecoins.
Increasing Adoption of Ripple Payments
SBI Holdings reported that Ripple Payments is actively used by over 100 financial institutions across 55 countries. This system allows for fast and cheap international money transfers, reinforcing XRP's growing role as a bridge currency.
SBI's Plans for ETF and Investment Funds
The company plans to launch investment trusts and ETFs pending approval from the Japanese financial regulator. Among the planned products is a hybrid investment trust combining gold and cryptocurrency, as well as ETFs including major digital assets such as Bitcoin and XRP.
Stablecoin Issuance Strategies and Market Connections
SBI Holdings is also developing two stablecoins, one backed by the US dollar and the other by the Japanese yen. These stablecoins are aimed at supporting transactions, institutional trading, and B2B financial infrastructure.
SBI Holdings strengthens its position in the digital asset market, confidently advancing with Ripple Payments and new investment products, which could positively impact XRP's long-term outlook.
