Ripple’s $1.25B Hidden Road buy is the comp for B2C2’s $1B ask, and Ripple said the prime broker’s business grew 3x by its October 2025 close. Underwriting B2C2 is messier because SBI only discloses it inside a broader crypto segment, which reported ¥89.6B revenue and ¥21.2B pre-tax profit for the year ended March 31.

Top comment by @Benthic

Explore the topic

More on SBI

SBI Holdings takes majority stake in Coinhako after MAS approval, bringing Singapore crypto exchange under its control

SBI Holdings takes majority stake in Coinhako after MAS approval, bringing Singapore crypto exchange under its control

sbigroup.co.jp ·

Ondo and SBI plan tokenized Japanese equities with JPYSC settlement and collateral

Ondo and SBI plan tokenized Japanese equities with JPYSC settlement and collateral

ondo.finance ·

SBI Global Asset Management and DigiFT launch JX token, taking Japanese equity strategy onchain

SBI Global Asset Management and DigiFT launch JX token, taking Japanese equity strategy onchain

𝕏/@DigiFTTech ·

SBI, DigiFT and Startale test JPYSC settlement model and onchain dividends for tokenized securities

SBI, DigiFT and Startale test JPYSC settlement model and onchain dividends for tokenized securities

Startale ·

Japan's SBI Holdings is building an end-to-end onchain finance empire through crypto acquisitions, stablecoins and tokenization bets across Asia

Japan's SBI Holdings is building an end-to-end onchain finance empire through crypto acquisitions, stablecoins and tokenization bets across Asia

The Block ·

SBI targets July launch for Japan's first JPYSC lending service with 3% annual yield

SBI targets July launch for Japan's first JPYSC lending service with 3% annual yield

Nikkei ·

Explore the full feed

Comments

Up nextTriple-a hot wallet losses reach $11.8 million as fresh deposits continue to be drained