SBI Holdings Surpasses $66 Billion in Assets as Ripple Alliance Strengthens

• 30 October 2025
• |
• 09:05

Renowned Japanese financial giant SBI Holdings has reached a defining moment in its 25-year long history.

The financial group announced that its assets under management have reached ¥10 trillion ($66 billion), a feat achieved months ahead of schedule and one that cements its place among Japan’s top-tier investment houses.

For Chairman Yoshitaka Kitao, the milestone is more than a number — it’s a symbol of momentum. In a statement, he described the achievement as the start of a “new phase of growth,” reflecting a broader shift in how the company blends traditional asset management with emerging financial technologies.

A Surge Built on Strategy, Not Speculation

Unlike the one-off rallies that often define Japan’s retail investment scene, SBI’s climb has been driven by methodical product expansion and consistent inflows into index-based funds. Its flagship SBI V S&P 500 Index Fund, now managing roughly ¥2.5 trillion, has become a household name among retail investors chasing exposure to U.S. markets.

Meanwhile, newer offerings like the SBI Global Equity Index Fund and SBI iShares India Equity Index Fund have benefited from renewed optimism across emerging markets. The firm has also moved decisively into alternative strategies, adding gold, dividend, and technology funds that appeal to both institutional and retail clients. One standout — the Next Generation Technology Strategy Fund — has already returned over 20% in its first month.

Expansion Through Subsidiaries and Global Reach

SBI’s momentum accelerated this year when SBI Okasan Asset Management formally joined the group, bringing its robo-advised and currency-based investment platforms into the fold. The integration added billions in new assets almost overnight. Its ROBOPRO Fund and Foreign Currency MMF (USD) have grown rapidly, tapping into Japan’s appetite for automated and dollar-denominated investments.

Beyond Asia, SBI’s U.S.-based arm Carret Asset Management has strengthened the group’s presence in overseas markets, aligning with Kitao’s long-term vision of transforming SBI into a global investment powerhouse.

Ripple: The Blockchain Engine Behind the Vision

While SBI’s success is often measured in yen and percentages, much of its strategy hinges on a quiet technological transformation. Through SBI Ripple Asia, the group has spent years building an infrastructure that connects digital assets like XRP with real-world payment systems.

That partnership is now evolving into a deeper financial alliance. SBI recently invested $200 million in Evernorth Holdings, a U.S.-based company backed by Ripple Labs and other investors. Evernorth aims to purchase over $1 billion in XRP, establishing one of the world’s largest institutional XRP treasuries. After its planned Q1 2026 Nasdaq listing (ticker: XRPN), the firm is expected to manage more than 560 million XRP — much of it dedicated to cross-border payment solutions and blockchain-based financial services.

The collaboration underlines SBI’s conviction that the future of asset management won’t be built solely on stocks and bonds — but on the seamless integration of blockchain technology.

Looking Ahead: A ¥20 Trillion Vision

SBI Global Asset Management has already set its next target: ¥20 trillion in AUM by 2028. To get there, the firm intends to scale its low-cost index lineup, harness digital tools for investor engagement, and pursue acquisitions in both developed and emerging markets.

As global finance continues to converge with blockchain innovation, SBI’s trajectory offers a glimpse of what that fusion might look like in practice — a financial conglomerate rooted in Japan but expanding through technology, partnerships, and vision.

Or, as Yoshitaka Kitao framed it simply: “This is not an end — it’s a beginning.”