In a recent statement, SBI Global Asset Management CEO Tomoya Asakura noted that XRP is set to become a crucial tool for global financial institutions. His views align with the rising market capitalization of XRP.
XRP as 'Generational Wealth'
Tomoya Asakura stated that XRP represents 'the wealth transfer of our generation.' He emphasized that its global adoption by banks and financial institutions will increase, which could further boost its value.
SBI's Deep Ties to Ripple
SBI remains Ripple's largest external investor, holding a 9% stake in the company. Through its platforms, SBI VC Trade and SBI Remit, the Japanese financial group facilitates XRP-based remittances and participates in operating validator nodes on the XRP Ledger. Additionally, SBI VC Trade recently partnered with Aplus to enable users to convert credit card reward points into XRP.
Growing Momentum Ahead of ETF Decisions
July is expected to be a critical month for XRP, with several exchange-traded funds (ETFs) awaiting decisions from U.S. regulators. If the U.S. Securities and Exchange Commission does not object to the pending filings, trading may begin soon. Bitwise CEO Hunter Horsley suggested that Ripple might be transitioning into an 'XRP treasury company,' reflecting growing interest in holding the altcoin.
Tomoya Asakura's statements about XRP adoption underline the cryptocurrency's significance in the future of financial technology and its potential impact on the financial ecosystem.
