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Crypto Prune > News > Crypto > Altcoins > SBI says Escrow’s XRP will not count to valuation up to 1 trillion yen for Ripple IPO, its cryptocurrency business
Altcoins

SBI says Escrow’s XRP will not count to valuation up to 1 trillion yen for Ripple IPO, its cryptocurrency business

9 months ago 4 Min Read

SBI Holdings, one of Japan’s largest financial services groups, shows that it recognizes Ripple stock valuations only when a company is publicly available or has received a comparable formal valuation.

As It was revealed By XRP Community Figure ERI, disclosure came as part of SBI’s annual financial report The year is over On March 31, 2025, the company detailed its crypto assets business ambitions, suggesting the potential for explosive growth associated with its long-standing investment in Ripple.

SBI reports stellar fiscal year

Report SBI’s year was a great year, with revenues increasing 19.3% year-on-year to 1.44 trillion yen, and profits doubled to almost 282.3 billion yen before tax. Shareholder-related profits increased 85.8% to 162.1 billion yen, especially in crypto and venture investments, due to strong performance in multiple sectors.

The Crypto Asset Division alone recorded revenue of 80.8 billion yen, an annual increase of 41.4%, but pre-tax profit for this segment jumped to 21.2 billion yen to 151.8% due to rising cryptocurrency prices.

In this regard, SBI highlighted the value of its holding a private ripple share and XRP is kept in Ripple Escrow An account called X-Grow, It’s not reflected at this time Company balance sheet.

SBI from the price of XRP exposure after Ripple IPO

In particular, SBI revealed that when Ripple takes an IPO or obtains a recognized valuation, this asset will be priced and potentially dramatically increases its profits.

If unlocked, SBI predicts that this unrealized value could exceed 1 trillion yen and drive the company’s crypto assets business towards a clear goal of managing assets of more than 1 trillion yen from the current 900 billion yen to 1 trillion yen.

See also  SUI trading is low at $3.69, and the wave structure points to a potential $9 target

SBI’s involvement in Ripple began over a decade ago, and in 2012 he invested in the company. The financial giant holds less than 10% of its shares in Ripple and creates them. Company’s maximum External shareholders.

Over the years, the partnership has deepened through strategic initiatives such as SBI Ripple Asia, launched in 2016 to promote Ripplenet solutions across Asia, as well as strategic initiatives such as MoneyTap, a mobile payment app powered by Ripple. moreover, SBI remit In particular, in Southeast Asia, XRP has been actively using it for international remittances since 2021.

Despite growing market interest, Ripple’s IPO remains a prospect rather than an immediate plan. CEO Blood Girling House Previously He said that bringing Ripple to the public is not an urgent priority, citing the company’s solid balance sheet.

But he I proposed If regulatory situations improve, IPOs may be feasible, particularly by the second half of 2025 or 2026. Partial resolution of Ripple’s legal battle with the US Securities and Exchange Commission. Market speculations suggest that Ripple IPOs can command valuations of over $100 billion, especially when global XRP adoption continues.

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