SBI Holdings CEO Yoshitaka Kitao reaffirms support for XRP after challenging period

Yoshitaka Kitao, CEO of SBI Holdings, publicly reaffirmed his confidence in XRP when asked directly by an X user whether he still trusted the token. Kitao’s one-word response, “YES,” comes after a period that left many XRP holders feeling fatigued and concerned about possible neglect from Ripple . SBI Holdings, one of Japan’s largest financial services groups, entered a partnership with Ripple in 2016 by investing in the company’s Series B funding round. Later that year, SBI and Ripple established the joint venture SBI Ripple Asia, with SBI holding approximately 60% ownership and Ripple controlling the remaining 40%. SBI Ripple Asia soon created a consortium involving over 60 Japanese banks to explore and pilot Ripple’s blockchain-based payment solutions in the financial sector.

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