The Japanese financial institution SBI Holdings is making waves in the cryptocurrency market with its predictions for XRP's future value. In a recent statement, CEO Yoshitaka Kitao said that XRP will become very expensive.
This prediction comes as Ripple continues to grow its institutional ties, particularly in Japan where it has a significant presence through SBI Ripple Asia. The partnership between the two companies goes back to 2016 and has led to the development of cross-border payment solutions using XRP across several countries.
SBI Holdings is also one of the largest external shareholders of Ripple, making its continued support a crucial factor in XRP's narrative. Recent developments have further solidified their partnership, including the launch of a blockchain bond that rewards investors with XRP and plans to introduce Ripple's RLUSD stablecoin in Japan.