XRP’s recent rally has reignited bullish sentiment across the crypto industry—and one of Japan’s most influential financial leaders is doubling down.
Tomoya Asakura, CEO of SBI Global Asset Management, has described the token as “the wealth transfer of our generation,” citing XRP’s expanding global adoption and long-term utility.
Following a surge that brought XRP close to the $3 mark and lifted its market cap to nearly $170 billion, Asakura pointed to rising interest from banks and institutions as a key driver. He believes XRP’s strategic role in cross-border finance will only strengthen, especially as Ripple deepens its ecosystem integrations.
Earlier this month, Ripple selected BNY Mellon as custodian for its RLUSD stablecoin—a move Asakura praised as a step toward building robust infrastructure for global payments. He also commented on Ripple’s application for a U.S. banking license, suggesting the development could fast-track institutional adoption of XRP.
SBI remains a core player in the Ripple ecosystem, holding a 9% stake in the company and actively participating in the XRP Ledger. Its subsidiaries, including SBI Remit and SBI VC Trade, continue to expand utility for the token through remittance services and innovative programs like credit card point conversions to XRP, developed in partnership with Aplus.
With institutional support rising and real-world use cases multiplying, XRP’s climb is being seen not just as another bull cycle—but potentially as the beginning of a broader financial shift.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/as-xrp-rallies-sbi-chief-hails-it-as-defining-asset-of-this-generation/