SBI Holdings, a long-time Ripple partner, released its financial results for the fiscal year ending March 2025 on February 7, 2025. The report reveals that out of a maximum supply of 100 billion XRP, approximately 57.76 billion are in circulation, with a market capitalization around 20 trillion Japanese Yen. Additionally, about 0.01 billion XRP have been burned as transaction fees—a figure supported by XRPScan data showing that 13.625 million XRP have been burned since inception.
Enhanced Shareholder Benefits
The report also highlights the growing market value of XRP distributed as shareholder benefits. Since March 2020, SBI has issued XRP on five occasions, totaling 796 XRP worth roughly 8,000 Japanese Yen at the time of distribution. The average value per XRP was about 50.2 Japanese Yen, but by February 6, 2025, this value had surged to 354.6 Japanese Yen per XRP—roughly seven times higher—reflecting significant appreciation in XRP’s price from 100 to 354.6 JPY per token.
Strengthening Ripple Partnership
SBI Holdings’ collaboration with Ripple continues to evolve. Having held a 9% stake in Ripple since 2012, SBI has been a key partner in advancing digital asset adoption in the Asia-Pacific region. The joint venture SBI Ripple Asia was established in 2016 to enhance remittance services, and by 2021, SBI Remit launched Japan’s first international remittance service using XRP as a bridge currency. The partnership is expanding further with plans to issue NFTs on the XRP Ledger at Expo 2025 in Osaka and the recent launch of RLUSD sales in December 2024.
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