According to an X post on November 12, SBI Holdings CEO Yoshitaka Kitao answered 'Yes' when asked directly if he still trusts XRP. The one-word reply carries weight due to SBI's substantial exposure to Ripple: the Japanese financial group holds approximately 9% of Ripple Labs, invested $200 million in XRP treasury firm Evernorth in October 2025, and operates SBI VC Trade, a crypto exchange exceeding two million accounts. SBI's involvement with Ripple dates back to 2016, including a Series B investment and majority stake in SBI Ripple Asia. The endorsement came as XRP traded near $1.03 after a 3.7% daily decline.

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