📊 Report from SBI Holdings as of October 31
💠 Drastic increase in RLUSD supply: 455 million dollars → 900 million dollars in one quarter
🏦 Ripple expansion:
• Acquisition of Hidden Road → Ripple Prime
• Acquisition of Rail (stablecoin payments)
• Acquisition of G-Treasury (treasury management)
💧 Metrics of $XRP :
• Market capitalization ≈ 23.9 trillion yen (~150 billion dollars)
• Ripple holds ≈ 5 billion XRP + 35 billion in custody
• ~0.01 billion of $XRP already consumed in fees
💼 Evernorth: highlighted as the institutional vehicle for XRP that connects RLUSD flows with treasury/performance strategies based on $XRP
