- SBI surpasses ¥10 trillion AUM, achieving target five months early.
- $200 million Evernorth investment deepens Ripple and SBI’s global alliance.
- Next Generation Fund delivers 20 % returns, fueling rapid investor growth.
SBI Holdings, a leading Japanese financial group and Ripple’s long-time ally, has exceeded ¥10 trillion ($66 billion) in assets under management as of October 28, 2025. According to Chairman Yoshitaka Kitao, who announced the news on X, the company has entered “a new stage of growth.” Achieving its fiscal-year target five months ahead of schedule highlights SBI’s rapid momentum and strong investor confidence.
The milestone demonstrates the company’s ability to attract clients through diversified funds and efficient investment strategies. Its balanced mix of domestic and international products continues to strengthen SBI’s influence in Japan’s financial sector.
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Index and Thematic Funds Drive Rapid Growth
SBI’s performance surge has been led by its popular index-based products. The SBI V S&P 500 Index Fund remains its flagship offering, managing about ¥2.5 trillion in assets. The SBI Global Equity Index Fund and SBI iShares India Equity Index Fund have also grown steadily, supported by favorable global market trends.
The company has expanded its portfolio with high-dividend and alternative strategies to meet broader investor demand. Its iShares Gold Fund now manages over ¥200 billion, while the Next Generation Technology Strategy Fund delivered more than 20 % returns in its first month, reflecting strong investor appetite for innovation-focused investments.
Subsidiary Growth and Global Expansion
SBI’s subsidiaries have made a major contribution to its record-breaking performance. In September 2025, SBI Okasan Asset Management became a subsidiary, further expanding the group’s capabilities. The ROBOPRO Fund managed by Okasan reached ¥150 billion in under two years, while its Foreign Currency MMF (USD) grew past ¥70 billion in just one year.
Carret Asset Management, SBI’s U.S.-based division, continues to play a crucial role in expanding the firm’s global footprint. Its expertise in cross-border investments has helped SBI solidify its position as a major global asset manager.
Major Investment in Evernorth Holdings
Financial conglomerate SBI Holdings Inc. has made a $200 million investment in Evernorth Holdings Inc., a U.S. firm promoting institutional adoption of XRP. The funding was completed through a Private Investment in Public Equity (PIPE) round conducted in partnership with Ripple Labs Inc. The move marks one of SBI’s largest efforts to advance XRP’s global utility.
The PIPE investment is connected to Evernorth’s merger with Armada Acquisition Corp II, a special purpose acquisition company. Once finalized, Evernorth will list on Nasdaq under the ticker “XRPN.” Through the deal, Evernorth expects to raise over $1 billion in total funding, enhancing its capacity to expand XRP’s institutional presence worldwide.
Ripple Partnership and Strategic Outlook
SBI’s collaboration with Ripple remains a key pillar of its global growth strategy. Through SBI Ripple Asia, both companies are advancing XRP-based payment and settlement solutions across the Asia-Pacific region.
Looking ahead, SBI Global Asset Management plans to double its AUM to ¥20 trillion by March 2028 through digital innovation, strategic acquisitions, and cost-efficient funds. Its latest achievement demonstrates how blockchain integration and traditional finance are converging, placing SBI at the center of Japan’s financial transformation.
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