Gumi Invests $90 Million in XRP, Aims to Lead Japan's Institutional Holdings

Tokyo-listed game developer Gumi is making a significant investment in XRP, pouring over ¥14 billion (around $90 million) into the cryptocurrency.

This move aims to position Gumi as Japan's largest institutional holder of XRP and reflects a broader trend of institutional adoption of the cryptocurrency.

Gumi plans to use XRP in various financial infrastructure projects, including node operations and asset management, and will collaborate with partners like SBI Holdings.