Japan's Top Financial Institution Announces Major XRP Development

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about 3 hours ago

Japanese Banking Group's XRP Adoption

Crypto commentator JackTheRippler highlighted Japan’s SBI Holdings confirming use of the XRP Ledger for financial settlements. SBI Ripple Asia Corporation’s February 20, 2026, press release outlines technical support for blockchain in financial services. The announcement marks a milestone for SBI, Japan’s largest banking group, as it moves toward blockchain integration. The document titled “Start of technical support with a view to the implementation of blockchain utilization in financial services” confirms this shift.

Partnership and Implementation Scope

SBI Ripple Asia signed a basic agreement with Asia Web3 Alliance Japan to develop blockchain-based financial services. The partnership focuses on creating a support environment for startups using blockchain technology. While the statement emphasizes technical support, regulatory considerations, and business viability, it does not explicitly confirm SBI will directly settle all transactions via XRP Ledger. The XRP Ledger is described as a globally adopted infrastructure for financial institutions.

Broader Financial System Claims

JackTheRippler expanded on XRP’s potential to consolidate the global financial system, positioning it as an asset above traditional structures. He claimed liquidity shifts would favor decentralized networks over institutions and suggested the U.S. Federal Reserve had been “shuttered.” He also predicted a transition to a blockchain and gold-backed “quantum financial system,” with XRP as its infrastructure. The article includes a disclaimer advising readers to conduct independent research before making investment decisions.