Breaking: Ripple Ally SBI Expands On-Chain Finance Beyond XRPL, RippleNet Via Canton Network

SBI Holdings is restructuring its subsidiary SBI Security Solutions into SBI Digital Practice Co., Ltd. to focus exclusively on institutional on-chain finance via the Canton Network. This strategic pivot marks a significant expansion for the Japanese financial giant, which is diversifying its blockchain infrastructure beyond its long-standing partnership with Ripple and the XRP Ledger. The new entity will provide end-to-end support for financial institutions, including system building and the development of cross-border transaction platforms. By leveraging the Canton Network, which currently hosts over 600 institutions and manages $6 trillion in assets, SBI aims to capture a larger share of the global institutional digital asset market. The move highlights the growing industry preference for interoperable, enterprise-grade networks like Canton, which has recently gained traction through projects like DTCC’s digital securitization of U.S. Treasury bonds. While SBI remains a key Ripple partner, this restructuring confirms that its long-term digital asset strategy is now multi-chain. This development underscores the broader trend of major financial institutions building agnostic infrastructure to facilitate compliant, cross-currency, and cross-border financial services.