# SBI Remit hits $15 billion XRP milestone as Ripple’s biggest

**Published:** 2026-07-18T17:22:47.019Z  
**Topic:** Crypto Lending  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/e697126c-e792-47cb-b1dc-bf1664a20a53

SBI Remit announced ¥2.5 trillion ($15 bn) cumulative cross‑border volume, driven by Ripple’s On‑Demand Liquidity and a 9% Ripple stake, signaling growing

SBI Remit, the international transfer arm of Japan’s SBI Holdings, reported that its cumulative cross‑border transfer volume surpassed ¥2.5 trillion (over $15 bn) as of May 27, marking the fastest growth period in its 15‑year history and underscoring the expanding role of Ripple’s XRP‑based On‑Demand Liquidity (ODL) in Japan’s remittance market【1】.  

| At a glance | |
|---|---|
| Cumulative volume | ¥2.5 trillion ($15 bn) |
| Growth rate | ¥500 bn ($3.2 bn) added in the last 17 months, roughly three‑times the prior pace |
| Ripple stake | SBI Holdings holds ~9 % of Ripple, unchanged since 2016 |
| Catalyst | Adoption of Ripple’s ODL in 2021 and expansion to bank‑account corridors in 2023 |

## Ripple’s infrastructure fuels the surge  
SBI Remit began using RippleNet in 2017, but the 2021 launch of ODL turned the service into the first Japanese remittance provider to move real XRP between Japan and the Philippines. The ODL bridge eliminates the need for pre‑funded accounts in destination countries, a cost that Ripple claims reduces liquidity expenses by 60‑70 %【1】. After expanding the ODL corridors to direct bank accounts in the Philippines, Vietnam and Indonesia in September 2023, the XRP‑enabled routes now handle the majority of SBI Remit’s volume to Southeast Asia, accounting for more than half of Ripple’s global ODL traffic【1】.

## Japan’s strategic importance for Ripple  
SBI Holdings, the parent of SBI Remit, is Ripple’s largest external shareholder with an approximately 9 % stake that has been retained throughout Ripple’s four‑year SEC litigation【1】. Japan also dominates Ripple’s ODL activity, contributing over 50 % of worldwide ODL volume. Recent regulatory moves further amplify the country’s relevance: on April 10 2026 the cabinet approved an amendment to reclassify XRP and 104 other crypto assets as financial instruments, a change slated for implementation in fiscal 2027 with crypto‑ETF approvals targeted for fiscal 2028【1】. SBI is already developing Japan’s first XRP ETF in partnership with Franklin Templeton and has become the first regulated distributor of Ripple’s RLUSD stablecoin in Asia【1】.

## What to watch  
- **Regulatory timeline** – Implementation of the Financial Instruments and Exchange Act amendment in fiscal 2027 and the first crypto‑ETF approvals in fiscal 2028 could unlock new long‑term demand for XRP.  
- **On‑chain usage** – Monitor the proportion of ODL transactions that continue to route through XRP versus traditional rails, as a shift could signal deeper market penetration.  
- **SBI Holdings’ equity moves** – Any change in SBI’s 9 % stake in Ripple may affect confidence in the partnership and influence future institutional adoption.  

The $15 bn milestone provides concrete evidence that XRP is being used to move real money at scale, countering narratives that the token’s utility is limited to speculative trading. However, because ODL transactions settle within seconds, the volume does not translate into sustained token holdings, leaving price impact uncertain until regulatory and institutional demand materializes.

## Sources
1. 24/7 Wall St — [XRP News: Japan’s SBI Remit Hits $15 Billion Milestone, Built on Ripple Infrastructure](https://247wallst.com/investing/2026/05/29/xrp-news-japans-sbi-remit-hits-15-billion-milestone-built-on-ripple-infrastructure/)
2. AOL — [XRP News: Japan’s SBI Remit Hits $15 Billion Milestone, Built on Ripple Infrastructure](https://www.aol.com/articles/xrp-news-japan-sbi-remit-131711020.html)

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Cite as: TrendWatcher, "SBI Remit hits $15 billion XRP milestone as Ripple’s biggest", https://www.trendwatcher.in/article/e697126c-e792-47cb-b1dc-bf1664a20a53