Japanese financial giant SBI Holding CEO made a surprise statement about Ripple. Details are in our news.
Surprised statement about Ripple
One of Ripple’s biggest shareholders, SBI Holding CEO Yoshitaka Kitao made a surprise statement about Ripple.
According to the CEO of Japanese financial giant SBI Group, major cryptocurrency company Ripple has not given up on its plans to go public despite the ongoing court process with the US Securities and Exchange Commission (SEC).
Yoshitaka Kitao claimed that Ripple plans to become a public company after the conclusion of the lawsuit filed against it by the US Securities and Exchange Commission.
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Speaking at an event he attended on Wednesday, Kitao stated that Ripple CEO Brad Garlinghouse and chairman of the board, Chris Larsen, are planning to make Ripple public.
“After the current lawsuit. Ripple will go public. The current CEO wants to do that. Chris wants to do that too. “
At the same time, Kitao said that SBI’s investment in Ripple will pay off after a potential public release, noting that SBI is Ripple’s largest external shareholder.. He also stated that blockchain consortium R3, another industry company actively supported by SBI, will one day go public.
“We invest in fintech companies.. BWe adopt this technology in our group and spread this technology to the sector. This is the core strategy of SBI Group.”
Ripple CEO Gerlinghouse predicted that IPOs will become more common in the crypto and blockchain industry, implying a potential IPO last year.
“Over the next 12 months, you will see IPOs in the crypto/blockchain space. We won’t be the first and we won’t be the last but I hope we will be on the leading side. This is a natural evolution for our company.”