SBI CEO Drops Bombshell on Banks and XRP Price

Tomoya Asakura, CEO of SBI Global Asset Management, has made a bold declaration that’s turning heads across the financial world: XRP represents the generational wealth transfer of our time. This striking statement comes amid a dramatic surge in XRP’s value. The cryptocurrency has recently soared, significantly outpacing the broader crypto market. As its price neared the $3 mark, XRP’s market capitalization swelled to nearly $180 billion, further reinforcing its growing influence. XRP Poised for Global Financial Adoption Asakura believes XRP’s role in the global financial system is just beginning. He highlighted the token’s increasing integration into banking operations worldwide, suggesting that its adoption by financial institutions is only set to accelerate. He believes that the growing utility of the technology, particularly in facilitating fast and affordable cross-border payments, will likely drive increased demand and boost its long-term value. XRP’s real-world use case , he noted, is what gives it an edge over many other digital assets. Ripple’s RLUSD Stablecoin and BNY Mellon Partnership The SBI executive also pointed to Ripple’s recent partnership with BNY Mellon as a game-changer. The global banking giant will act as custodian for Ripple’s stablecoin, RLUSD. Asakura sees this move as strategic, arguing that the combination of RLUSD and XRP forms the foundation for next-generation cross-border payments. The synergy between a stable asset like RLUSD and a liquidity token like XRP, backed by BNY Mellon’s trusted infrastructure, could pave the way for more efficient and scalable global payment systems. U.S. Banking License: A Turning Point for XRP Ripple’s pursuit of a U.S. banking license could be a major catalyst, according to Asakura. He believes that if granted, this license would open the door to deeper institutional involvement and further legitimize XRP’s role in the financial sector. Achieving this milestone could allow Ripple to expand its service offerings, driving greater real-world adoption of XRP and further integrating it into the global banking system. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 SBI’s Integral Role in XRP’s Ecosystem SBI Group has long been one of Ripple’s most influential partners. As the largest external shareholder in Ripple, owning a 9% stake, SBI has consistently driven XRP adoption in Asia and beyond. Through platforms like SBI VC Trade and SBI Remit, the group actively uses XRP for international remittances. More recently, SBI VC Trade partnered with Aplus, enabling users to convert credit card reward points into XRP and other cryptocurrencies —a move aimed at mainstreaming digital assets in everyday finance. SBI also supports the XRP Ledger network directly by operating validator nodes, reinforcing the ecosystem’s integrity and decentralization. Final Thoughts Tomoya Asakura’s remarks add fresh momentum to XRP’s growing narrative. Far from being just another cryptocurrency, XRP is rapidly positioning itself as a critical pillar in the future of global finance. Backed by strategic partnerships, strong institutional support, and an expanding list of use cases, XRP is no longer just a speculative asset—it’s becoming a key driver of financial transformation in the digital age. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post SBI CEO Drops Bombshell on Banks and XRP Price appeared first on Times Tabloid .

Source: TimesTabloid