Since the latter half of 2024, a new wave has been quietly spreading among businesses: more and more public companies are beginning to accumulate XRP as part of their foreign exchange reserve strategy. While Bitcoin and Ethereum previously dominated the spotlight, XRP is now emerging due to its superior transaction processing speed and low costs – particularly attractive in the context of global capital flow.
From major corporations like SBI Holdings (Japan) to various medium and small tech companies in the U.S., converting a portion of cash to XRP is no longer uncommon. Several businesses listed in the U.S., Asia-Pacific region, and even Canada have officially announced their XRP investment portfolios or revealed plans to accumulate this digital asset in the near future.
This trend reflects growing confidence in the potential of XRP in cross-border transactions – a market worth trillions of USD. The report also delves into the companies betting on XRP, the reasons they trust Ripple's technology, and how these investments are reflected in financial reports – revealing a quietly but clearly growing wave of XRP ownership in the business world.
Top public companies holding XRP
1. SBI Holdings – The ‘XRP Strategy’ in Japan?
Estimated allocation: ~1.6 trillion Yen (approximately 10 billion USD)
XRP accounts for a larger proportion than the market capitalization of the company itself
As a long-term strategic partner of Ripple Labs, SBI Holdings is not only one of the pioneering financial institutions integrating XRP into operational systems but is also emerging as the largest institutional holder of XRP globally.
According to the latest information, the total amount of XRP that SBI holds is currently valued at approximately 1.6 trillion Japanese Yen — a figure that surpasses even the current market capitalization of the company itself (~1.2 trillion Yen). This reality has left many financial experts astonished, and there are comparisons being made that SBI is becoming the ‘XRP Strategy’ – considering the intensity and scale of their digital asset accumulation.
Unlike many other financial institutions that are still hesitant about digital assets, SBI has been proactive:
Integrating XRP into internal treasury operations
Supporting cross-border payment implementations using XRP in Japan and Asia
Promoting domestic crypto ETF products, despite the traditional financial system's caution
A contentious point is that SBI has yet to officially recognize the amount of XRP held on its balance sheet, making the investment difficult to measure directly in financial reports. This has sparked a wave of speculation and pressure from institutional shareholders.
Notably, GAM (Global Absolute Return Strategies) – one of the influential shareholders in SBI – is demanding that the company build a transparent XRP holding strategy with a clearer structure. According to sources, GAM expects SBI to publicly disclose its XRP accumulation strategy similarly to how MicroStrategy frequently updates its Bitcoin purchases.
Although there has been no official announcement regarding XRP being recognized as part of long-term treasury assets, based on the scale and current activities, analysts believe that SBI may have implicitly implemented a strategy to accumulate XRP as part of its long-term financial direction.
This move, if confirmed and transparently communicated, could trigger a wave of XRP acceptance from businesses and financial institutions in Asia, especially since Japan continues to lead in establishing a clear legal framework for digital assets.
2. Trident Digital Tech Holdings – A major bet on XRP's future
Projected allocation: Up to 500 million USD
Goal: To build one of the first large-scale XRP investment funds for enterprises
Trident Digital Tech Holdings Ltd – a technology company based in Singapore specializing in Web3 optimization – is making one of the boldest moves in the enterprise cryptocurrency market. In June 2025, Trident officially announced plans to raise half a billion USD to establish a dedicated XRP investment fund, marking one of the first and largest efforts to organize XRP ownership in the Asia-Pacific region.
According to the plan, Chaince Securities will act as a strategic advisor, supporting Trident in establishing the fund structure, ensuring regulatory compliance, and connecting with Ripple ecosystem partners.
This initiative not only stops at holding XRP as a long-term reserve asset but also includes staking strategies to generate returns, as well as deeper participation in the Ripple ecosystem, from cross-border payments to decentralized finance (DeFi) solutions.
If approved by regulators, Trident's XRP investment fund is expected to officially launch in the second half of 2025. The company also commits to providing regular updates to investors about the implementation progress and fund management methods – a systematic, transparent, and professional approach rarely seen in the digital asset investment field.
3. Webus International – The ‘giant’ driver service steps into the world of XRP
Projected allocation: Cap of 300 million USD
Focus: Using XRP as part of a global financial strategy
Webus International Limited – a premium driver service provider integrated with AI, has officially joined the wave of businesses turning to XRP as a strategic asset. On July 1, 2025, Webus announced a series of notable financial moves laying the groundwork for an expansion into the digital asset space.
In the announcement, Webus revealed that it has signed a Conditional Securities Purchase Agreement with Ripple Strategy Holdings, allowing the company access to a premium equity credit facility of up to 100 million USD. This credit can be drawn within 24 months, with each withdrawal ranging from 250,000 to 3 million USD, depending on the approval of regulators and the issuing underwriter.
Notably, Webus has also signed another agreement with Samara Alpha Management – a registered asset management company with the SEC – to establish a funding mechanism related to digital assets, with a limit of up to 300 million USD. This agreement focuses on exploring the management and use of XRP as a strategic financial tool through custody wallet systems and clear disbursement stages.
However, so far, no assets have been officially invested – all commitments are still in the preparation stage. This indicates that Webus is approaching the crypto market with strategic caution, awaiting clarity from regulators before actually activating its XRP investment plan.
4. VivoPower International – From clean energy to ‘digital punch’ with XRP
XRP allocation: 100 million USD deployed
Funding source: Raised from private investments, led by Saudi royalty
VivoPower International PLC – known as a clean energy and sustainable solutions company – is making a bold pivot in its financial strategy: turning towards digital assets with a focus on XRP.
After successfully raising over 120 million USD from private investors – including support from Saudi royalty, VivoPower has deployed 100 million USD into XRP, demonstrating a clear belief in the long-term potential of this asset in optimizing cash flow and profits.
Not just merely holding, VivoPower is collaborating with Flare Network – a blockchain platform focused on interoperability – to deploy XRP for flexible profit-generating strategies. Additionally, the company is using RLUSD, Ripple's stablecoin, as a stable reserve currency in its internal financial system.
This move shows that VivoPower not only sees XRP as a speculative investment but as part of an active financial strategy, combining traditional capital flows with emerging blockchain technology – a model that could become a blueprint for ‘old’ businesses seeking sustainable digital transformation.
5. Wellgistics Health – The first healthcare company in the U.S. to integrate XRP
XRP allocation: 50 million USD (through equity credit facility)
Real-world application: Real-time payments & financial collateral
Wellgistics Health Inc. – a pioneer in pharmaceutical distribution and healthcare solutions in the U.S. – is making a mark as the first healthcare company in the United States to integrate XRP into its operational system.
Through a 50 million USD equity credit facility, Wellgistics plans to use XRP as a real-time payment vehicle across its entire pharmacy network. This could significantly reduce transaction costs, speed up payments, and improve supply chain performance in the healthcare industry, which is under pressure for time and accuracy.
Not stopping there, XRP is also being used by Wellgistics as collateral for internal financial activities – a move that reflects how businesses are viewing digital assets as part of core financial infrastructure, not just speculative tools.
The application of XRP in practical operations within the healthcare industry – a particularly sensitive and highly regulated field – shows growing confidence in the practical applicability and stability of XRP in the business environment.
6. Nature’s Miracle – Bringing XRP into high-tech agriculture
XRP allocation: Up to 20 million USD
Application: Long-term reserve asset in treasury strategy
Nature’s Miracle Holding Inc. – a company specializing in vertical farming solutions and high-tech agriculture – is making a bold move into the world of digital assets by announcing a maximum allocation of 20 million USD for XRP. This money comes from an equity raise approved by the SEC and will be used to build the company's new long-term treasury strategy.
This is a notable move, as Nature’s Miracle is one of the first non-financial companies to publicly list XRP as a reserve asset. This sets a new precedent for businesses outside the technology and finance sectors seeking asset diversification and enhancing strategic liquidity.
In addition to holding XRP, the company is also seeking staking opportunities to optimize passive returns while actively engaging deeper into the Ripple ecosystem.
CEO James Li emphasized that the main driving factor behind this decision is XRP's superior efficiency in global payments – an advantage he believes will create long-term financial strength for Nature’s Miracle in the international expansion process.
7. Hyperscale Data – Long-term bet on XRP amid restructuring
XRP allocation: 10 million USD (initial commitment)
Long-term strategy: Hold XRP on the balance sheet, provide transparent weekly updates
Hyperscale Data Inc. – a leading enterprise in data infrastructure and high-performance computing – is making XRP an official part of its long-term financial strategy.
The company confirms that the initial investment of 10 million USD in XRP will remain unchanged on the balance sheet, even after its subsidiary Ault Capital Group (ACG) is separated on December 31, 2025. This reflects Hyperscale's clear commitment to this digital asset, despite changes in corporate structure.
Starting August 12, 2025, Hyperscale will release weekly updates on XRP, making them one of the rare public companies providing regular transparency regarding digital asset holdings. In addition, the company is considering implementing a 36-month ‘lockup’ mechanism – a sign that they view XRP as a long-term strategic asset rather than just a short-term investment.
Hyperscale also leaves open the possibility of increasing its XRP holdings beyond 10 million USD, depending on market developments and access to new capital. According to statements from the management, XRP is viewed as 'the key asset for cross-border payments and future financial infrastructure,' aligning with the comprehensive technological vision the company is pursuing.
8. Worksport – From automotive technology to digital financial strategy with XRP
XRP allocation: Up to 5 million USD
Application: Treasury reserves & e-commerce payment method
Worksport Ltd. – a clean energy and automotive technology company based in the United States – has officially stepped into the digital asset world with a six-figure investment in XRP, marking the first step in its modernized treasury management plan.
In December 2024, Worksport announced a new strategy: using a portion of reserve cash to invest in highly liquid digital assets, with a total cap of up to 5 million USD. XRP and Bitcoin are the two preferred names in the initial phase.
However, Worksport's goal does not stop at investment. The company is also planning to accept XRP as a payment method for its e-commerce platform – a move that could simplify international payment processes and reduce transaction costs for global customers.
With a cautious yet clear approach, Worksport has become one of the first U.S. manufacturing companies to seek to integrate digital assets into both its treasury and core business operations, reflecting a new trend where traditional companies begin to take blockchain and crypto seriously.
If Ripple officially considers XRP as treasury assets – What will happen?
Ripple Labs, although not a public company in the traditional sense, currently holds about 40.7 billion XRP – equivalent to 41% of the total supply, a massive figure capable of exerting widespread influence on the global cryptocurrency market.
So far, Ripple has mainly used this amount of XRP for liquidity and utility activities within the RippleNet network. However, there is increasing speculation surrounding a bold scenario: What if Ripple officially decides to ‘lock down’ this amount of XRP as a long-term treasury asset?
If Ripple truly pivots its strategy and announces XRP as a key reserve asset on its balance sheet, the implications could ripple across the entire crypto ecosystem:
1. Market push: Supply tightening, prices may explode
Ripple locking up most of the XRP it holds – and declaring it as a fixed part of its treasury – could significantly reduce the circulating supply, which is already scarce due to the limited allocation characteristics of XRP.
In the cryptocurrency world, where market sentiment and supply-demand principles play a crucial role, this move could create a domino effect, igniting a large-scale growth similar to how MicroStrategy once did with Bitcoin.
2. Strong institutional signal: Triggering a strategic FOMO wave
If Ripple officially considers XRP as treasury assets, it will send an unmistakable signal to the entire financial world: Altcoins can also become strategic reserve assets, not just Bitcoin.
Similar to how MicroStrategy inspired a wave of companies to stock up on BTC, Ripple's move could trigger a new race – where corporations, investment funds, and financial institutions seek altcoins that have:
Strong practical applications
Global liquidity network
Integration capabilities into modern financial strategies
Why are more and more companies choosing XRP as a treasury asset?
In just a few months, institutional investment in non-Ethereum altcoins, including XRP, has skyrocketed from 200 million USD to over 11 billion USD (from the beginning of 2025 to July). A significant portion of this surge comes from new treasury strategies being deployed by companies.
As of April 2025, approximately 60 public companies worldwide have integrated digital assets into their financial strategy, many of which are choosing XRP for the first time as part of their reserve portfolio, alongside Bitcoin and Ethereum.
Below are the main reasons why XRP is more attractive than ever for businesses:
1. Fast transaction speed and low costs
XRP stands out for its ability to facilitate cross-border transactions almost instantly, with significantly lower fees compared to other popular blockchains like Ethereum.
2. Global liquidity + RippleNet
With the global payment network RippleNet, XRP becomes an asset easily integrated into enterprise payment systems, especially in developing markets or where traditional banking systems are limited.
3. Expansion of profit strategies
Although XRP does not support on-chain staking due to not utilizing the Proof-of-Stake consensus mechanism, companies can still:
Lending XRP through institutional lending platforms
Providing liquidity for centralized or decentralized exchanges
Using Flare or other DeFi protocols to wrap XRP and deploy it into profitable smart contracts
This makes XRP both a reserve asset and a tool for generating passive income, something that gold or fiat currency cannot do.
While Bitcoin and Ethereum continue to lead in reputation, XRP is quietly asserting itself as the preferred digital asset for enterprises due to its speed, low cost, and application flexibility.
If Ripple Labs truly ‘officializes’ the treasury role of XRP, this event could be a major turning point – not just for the XRP market, but also for how businesses perceive digital assets as part of the modern financial ecosystem.