Here’s what actually happened.
A post started circulating claiming that SBI holds $10 billion worth of XRP and is expanding its presence in Asia through the acquisition of Coinhako.
The "$10B in XRP" part quickly caught attention.
However, an executive from SBI responded directly, saying it’s not accurate to say they hold $10 billion in XRP itself. Instead, SBI owns around 9% of Ripple Labs. That’s an equity stake in the company, not a direct token holding.
That’s an important distinction.
Holding XRP tokens and holding shares in Ripple Labs are two very different things. The exposure dynamics are completely different. Equity in Ripple may benefit from ecosystem growth, but it’s not the same as holding billions in on-chain XRP.
The executive even hinted that their “hidden asset” value could be bigger than people think, likely referring to their Ripple equity stake rather than token reserves.
As for Coinhako, the expansion into Singapore aligns with SBI’s long-term strategy of strengthening its footprint in Asia’s regulated crypto markets.
Bottom line:
There’s no confirmation that SBI holds $10B worth of XRP tokens.
What’s confirmed is their significant ownership stake in Ripple Labs.
Always separate token rumors from corporate equity facts.