XRP has regained the interest of investors last week after recording one of the strongest price increases in recent months. The token surged close to the $3 mark on Friday, raising its total market value to nearly $170 billion.

According to CEO of SBI Global Asset Management, Tomoya Asakura, XRP is not just another digital asset but is also 'the asset transfer of our generation.' He views the recent popularity of XRP with financial institutions as a fundamental shift in positioning and value transfer globally.

Asakura cited XRP's payment and remittance services as widely adopted areas and evidence that the use of XRP is increasing in the real-world financial landscape. He also pointed out that the penetration of regulated banks is expected to accelerate XRP's adoption into mainstream systems.

Asakura also cited Ripple's recent move to choose BNY Mellon as the custodian for the stablecoin RLUSD. He explained that the collaboration between RLUSD and XRP is strategic in preparing the framework for the next generation of global payment systems.

SBI Supports XRP As A Strategic Asset In Financial Transformation

SBI Holdings remains one of the most dedicated partners of Ripple, holding 9% of the shares of this U.S.-based blockchain company. Through subsidiaries like SBI Remit and SBI VC Trade, this Japanese financial giant is actively utilizing XRP in real-time money transfer transactions.

In a recent development, SBI VC Trade has partnered with financial company Aplus to allow users to convert credit card points into XRP and other digital currencies. This move indicates that SBI is also aiming to make XRP more accessible to the general public.

Theo Asakura, another important milestone in this token's journey is Ripple LLC's application for a banking license in the United States. If approved, it will enable organizations to use it faster and create a use case within traditional banking frameworks.

SBI continues to operate validators on the XRP Ledger, further solidifying its position in the network in terms of reliability and decentralization. These initiatives demonstrate the company's confidence in the future of global finance, where XRP is utilized.

With a price close to $3 and increasing support from institutions, XRP is gradually establishing its position as a formidable contender in the digital finance space. Thanks to continuous support from SBI, XRP is not only positioned as a cryptocurrency asset but also as a bridge for the next era of global asset transfer.$XRP