SBI Holdings reveals that its stake in Ripple Labs will not be recognized on its balance sheet until Ripple goes public or a third-party valuation establishes its worth.
SBI holds around 10% equity stake in Ripple, estimating XRP's market capitalization at about $130 billion with tokens under lock-up.
With Ripple's legal issue with SEC settled, a potential IPO could unlock significant profits for SBI, expected to exceed $6.5 billion.
SBI's crypto-asset business reports significant growth, with revenue reaching $526 million, hinting at potential for explosive growth post-Ripple IPO.