Ripple Wants To Go Public After SEC’s XRP Lawsuit, SBI Holdings CEO Claims

2021-4-29 15:29

After dealing with the lawsuit from the U.S. Securities and Exchange Commission, Ripple’s leadership will take the blockchain payments firm public. This is the view of Yoshitaka Kitao, CEO of Japanese financial giant SBI Holdings.

Kitao, who is also a member of Ripple’s board of directors, opined during an earnings call that Ripple would opt for a direct stock listing, adding that both CEO Brad Garlinghouse and executive chairman Chris Larsen want the deca-unicorn to move in that direction. 

“After the current lawsuit, Ripple will go public. The current CEO wants to do that. Chris wants to do that.”

The move would see Ripple listed on an OTC market where its shares will be publicly quoted and available to retail and institutional investors alike. Going public will put new requirements on Ripple, and could lead to fascinating changes in the firm’s structure and output.

Speaking at the World Economic Forum in Davos back in January 2020, Ripple CEO Brad Garlinghouse indicated that the company going public would be a “natural evolution”.

“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the last, but I expect us to be on the leading side… It’s a natural evolution for our company.”

But these plans have seemingly been put off — at least for now. The largest U.S cryptocurrency exchange Coinbase already debuted its COIN stock via a direct listing on Nasdaq earlier this month. Meanwhile, Ripple is currently mired in an epic legal squabble with the SEC.

The Ripple-SBI Relationship

SBI Holdings is one of Ripple’s biggest business partners. In 2016, the two launched a joint venture, SBI Ripple Asia, to boost XRP adoption in the region. Furthermore, they created an XRP-powered cash transfer app dubbed Money Tap which has seen participation from multiple Japanese banks.

The crypto-friendly finance giant has also allowed its shareholders to receive benefits in XRP for two consecutive years since January 2020. Moreover, CEO Kitao publicly expressed his fondness for XRP — a token that is not considered a security in Japan.

Most crypto firms and exchanges dissociated themselves from Ripple shortly after the SEC mounted legal action against the firm. Kitao, however, revealed that his firm would continue with the partnership with Ripple as it looks to expand its footing in Asia. “I’m optimistic that Ripple will prevail in the final ruling in the US,” he proclaimed at the time.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bit Public Talent Network (BPTN) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 BPTN

sbi ceo lawsuit ripple holdings public giant

sbi ceo → Результатов: 55


Ripple-SBI Holdings partnership takes the next step as Yoshitaka Kitao joins Ripple’s Board of Directors

SBI Holdings’ CEO, Yoshitaka Kitao’s comments during a July 2018 talk became a reality after Ripple welcomed Kitao as one of its board members. In July 2018, Yoshitaka Kitao had remarked that he could become an “official of Ripple,” which seems to have come true after Ripple announced that Kitao will be becoming a member […] The post Ripple-SBI Holdings partnership takes the next step as Yoshitaka Kitao joins Ripple’s Board of Directors appeared first on AMBCrypto.

2019-4-26 06:20


SBI CEO Newest Statement: Tightening Cooperation With Ripple (XRP) to Spread MoneyTap to 200 Financial Institutions And Beyond

SBI Holdings, a Ripple partner which works closely with the cross-border payments-focused project, has published a notice announcing the… The post SBI CEO Newest Statement: Tightening Cooperation With Ripple (XRP) to Spread MoneyTap to 200 Financial Institutions And Beyond appeared first on Invest In Blockchain.

2019-3-21 10:45


Фото:

CEO SBI рассчитывает подключить японские банки к Ripple

Глава финансового конгломерата SBI Group Йошитака Китао рассчитывает ускорить интеграцию Ripple в банковскую систему Японии. Он планирует подключить «многие банки» страны к блокчейн-приложению MoneyTap, которое разработал Ripple совместно с SBI.

2019-2-28 13:30


Фото:

Ripple не может вырваться из горизонтального канала. Будет ли рост?

С точки зрения фундаментального анализа у Ripple случилось много хороших событий. CEO SBI Holdings считает криптовалюту ведущим активом индустрии, а компания Instimatch Global анонсировала поддержку R3 Corda Settler, децентрализованного приложения для платежей в XRP. Впрочем, на графиках всё выглядит не...

2019-2-22 11:30


Фото:

SBI Holdings: Ripple вытеснит bitcoin с первого места

По мнению главы японского конгломерата SBI Holdings Ешитаки Китао, ценность bitcoin на рынке преувеличена. Специалист выступил в поддержку проекта Ripple, поскольку считает, что криптовалюта XRP является революционной.

2019-2-20 08:20


CEO SBI назвал XRP «активом номер один», проигнорировав биткоин

Кажется, война между криптовалютой биткоин и цифровым активом XRP набирает обороты. Сторонники XRP выдвигают её как передовое платёжное решение, выступая против других децентрализованных криптовалют.

2019-2-19 19:21


SBI Holdings инвестировала $15 млн в биткоин-кошелек BRD

Японский гигант SBI Holdings в ходе раунда финансирования серии B инвестировал $15 млн в мобильный криптовалютный кошелек BRD, сообщает The Block. Представители базирующегося в Сан-Франциско стартапа заявили, что средства будут способствовать расширению услуг на азиатские страны.

2019-1-26 10:56


Partnership with SBI Holdings and R3 to Expand on Current Corda Blockchain Platform in Asia

SBI Holdings is a financial services company that is based in Japan. Recently, they decided that they needed to collaborate with R3, which is in charge of the Corda blockchain platform. Together, they’ll be expanding the use of the platform, while SBI increases their investment to R3. According to R3’s CEO, David Rutter, “Europe is […]

2018-12-7 03:05


Фото:

SBI Ripple готовятся к запуску мобильного платёжного приложения

Приложение MoneyTap будет доступно для Android-устройств, а также для iOS в конце года. SBI Ripple Asia, совместное предприятие японского банковского гиганта SBI Group и американского стартапа Ripple, намерено вскоре ввести в действие мобильное приложение на основе платежных карт MoneyTap.

2018-9-17 18:06


Ripple [XRP] Partner CEO: Cryptocurrency Is Ammo for Economic Shift

SBI Holdings (a partner of Ripple) CEO Yoshitaka Kitao said, during the Japan Blockchain Conference in Tokyo, that blockchain technology would fuel the next boom in the Japanese economy. The company is at the forefront of blockchain innovation as it plans to invest over $460 million in the industry through an AI & Blockchain fund, which […] Ripple [XRP] Partner CEO: Cryptocurrency Is Ammo for Economic Shift was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-6-29 21:14