SBI Holdings has reaffirmed its commitment to Ripple despite weaker XRP prices and slower cryptocurrency activity. The Japanese financial group values its Ripple shareholding at ¥6.6 trillion, equal to about $41.2 billion. Meanwhile, SBI delivered record first-quarter earnings and continued expanding its digital asset operations.
SBI Holdings Maintains Its Ripple Investment
SBI disclosed the updated Ripple valuation during its first-quarter earnings presentation. The company stressed that its Ripple shareholding remains highly valuable despite the current weakness in the cryptocurrency market. Therefore, SBI continues to treat Ripple as a major strategic asset within its broader financial portfolio.
The group has maintained a long relationship with Ripple and has supported XRP-based payment services. SBI has also promoted blockchain settlement systems through its financial subsidiaries and regional partnerships. Consequently, its latest statement reinforces the group’s long-term focus on Ripple’s payments technology and international network.
XRP has faced selling pressure during the recent cryptocurrency market slowdown. However, SBI did not announce any reduction in its Ripple position during the earnings update. Instead, the company highlighted the stake’s valuation while explaining weaker conditions across its cryptocurrency division.
Clarity Act Uncertainty Weighs on Crypto Activity
SBI linked the sluggish cryptocurrency market to uncertainty surrounding the proposed Clarity Act. The legislation seeks to establish clearer oversight rules for digital assets within the United States. Therefore, its progress could influence market structure, regulation, and business planning across the cryptocurrency sector.
The United States Senate continues considering the bill before its scheduled August recess. Senator Cynthia Lummis recently indicated that Senate leaders had reserved potential floor time for the measure. However, several other legislative matters were also competing for attention during the remaining session.
The Clarity Act has become an important issue for cryptocurrency companies seeking clearer federal rules. Ripple has spent years operating within an uncertain American regulatory environment. As a result, regulatory progress could affect its domestic operations and the wider use of XRP-related services.
SBI Reports Record First-Quarter Earnings
SBI Holdings recorded its strongest first-quarter performance as revenue and profit increased sharply. Revenue reached ¥571.0 billion, while profit before tax climbed to ¥225.8 billion. Additionally, shareholder-attributable net profit rose 149.9% year-over-year to ¥148.1 billion.
The group reported a 29% return on equity for the previous twelve months. That result exceeded SBI’s medium-term return target of 15% by a wide margin. Strong performance across its main financial businesses offset weakness within the cryptocurrency asset division.
SBI’s crypto asset business recorded a ¥1.4 billion pre-tax loss during the quarter. However, global cryptocurrency market maker B2C2 remained profitable and supported the group’s digital asset operations. The mixed results showed continued pressure in retail crypto services but stronger performance within institutional trading activities.
SBI Expands Its Digital Asset Services
SBI continues building its digital asset business through lending, stablecoins, custody, and exchange services. SBI VC Trade recently introduced cryptocurrency lending and support services linked to the JPYSC stablecoin. These services extend the group’s reach across regulated digital payments and blockchain-based financial products.
The company also plans to acquire Bitbank and expand its cryptocurrency customer base. SBI expects the combined operations to serve about three million cryptocurrency accounts after completing the planned transaction. Furthermore, it targets approximately ¥870 billion in digital assets under custody.
These expansion plans support SBI’s strategy of combining traditional finance with regulated cryptocurrency services. The group continues investing in trading, custody, payments, stablecoins, and blockchain infrastructure. Meanwhile, its $41.2 billion Ripple stake remains the largest highlighted asset within that digital strategy.
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