SBI Holdings Expands Blockchain Horizons Beyond RippleNet
SBI Holdings, one of Ripple's closest banking partners in Asia, is expanding its blockchain goals beyond the XRP Ledger and RippleNet. The company has announced a major restructuring of SBI Security Solutions Co., Ltd., which will be renamed to SBI Digital Practice Co., Ltd. as of June 22, 2026.
The subsidiary will focus on supporting financial institutions in creating compliant blockchain frameworks and promoting institutional adoption on the Canton Network. It will offer end-to-end support for financial firms, helping them implement and create platforms for cross-border and cross-currency transactions.
This move signals that SBI's institutional blockchain strategy is no longer limited to the Ripple network but also encompasses its own platforms. The company has partnered with Fassets on a stablecoin cross-border initiative and anticipates continued growth in demand for the Canton Network at the institutional level.