SBI-Backed Firms Run on XRP as ODL User Joins Ripple Network
New details have emerged from Japan indicating that two SBI-backed companies are powered by XRP, and a former On-Demand Liquidity user has formally joined the Ripple network. The development underscores deepening institutional XRP adoption in the Asia-Pacific region.
Two companies backed by SBI Holdings, one of Japan's largest financial groups, are reportedly utilizing XRP as part of their operational infrastructure. This signals continued institutional momentum for XRP in the Japanese financial ecosystem, where SBI has long been an active Ripple partner.
Separately, a company previously identified as an On-Demand Liquidity user has now formally joined the Ripple network, expanding the roster of institutions actively using XRP for cross-border settlement. ODL allows financial institutions to use XRP as a bridge currency for real-time international transfers without pre-funding.
Ripple also placed a full-page advertisement in a notable publication, with details reported to be contained in the fine print of the ad. The nature of the messaging has drawn attention from observers tracking Ripple's institutional outreach efforts.
These developments coincide with the Tokyo stock market reaching an all-time high, with XRP-adjacent financial infrastructure reportedly cited among contributing factors in the Japanese market narrative.
Key facts
- •Two SBI-backed companies reported to be powered by XRP
- •A former ODL user has joined the Ripple network
- •Ripple ran a full-page advertisement with notable fine-print details
- •Tokyo stock market hit an all-time high around the time of these reports
- •ODL enables real-time cross-border settlement using XRP as a bridge currency