SBI-Backed Gumi Bets Big on XRP with $86M Treasury and Institutional Fund
SBI-backed gaming and blockchain company gumi has made a significant commitment to XRP, consolidating its $86 million corporate digital asset treasury into the cryptocurrency.
This move is part of a two-pronged strategy aimed at positioning XRP as gumi's long-term reserve asset while building infrastructure and investment products for institutional crypto investors.
The company has also launched SBI Crypto Fund LLC, an $18.3 million actively managed investment fund with SBI Group that will allocate capital across Bitcoin and other digital assets.
This new fund complements gumi's treasury strategy, which is designed to accumulate XRP as a strategic reserve, while the fund focuses on delivering professional digital asset management for institutional investors.
In addition to these initiatives, gumi has also developed an enterprise-grade digital asset accounting platform in partnership with Hinode Technologies, which will automate complex blockchain activity and support seamless integration with existing accounting software.