Corporate XRP Adoption Grows as Holdings Surpass $11.5 Billion

TLDR

• Reliance purchases $17M in XRP, joining a growing trend of corporate adoption.
• Corporate XRP holdings now exceed $11.5 billion, with SBI Holdings leading.
• Gumi Inc. allocates $13.5M of $38M capital raise to XRP treasury.
• VivoPower raises $19M to expand its XRP treasury as adoption continues.

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XRP continues to gain traction as a digital reserve asset among corporate treasuries, with recent corporate moves indicating a growing interest in the token. This surge follows the news that Nasdaq-listed Reliance Global Group has added XRP to its digital asset reserves.

The company made a $17 million purchase of the cryptocurrency, contributing to the overall growth of XRP holdings in corporate portfolios.

Reliance’s Strategic Investment in XRP

Reliance Global Group announced on September 30 that it had acquired $17 million worth of XRP. The company emphasized that this purchase is part of a broader effort to diversify its holdings in blockchain-based assets that have strong fundamentals and utility. Reliance Chairman and CEO Ezra Beyman highlighted XRP’s attributes, speed, scalability, and energy efficiency, as key reasons for its inclusion in the company’s long-term strategy.

XRP, which ranks as the fourth-largest cryptocurrency by market capitalization, is known for its ability to process low-cost, high-speed cross-border transactions. The token’s ability to settle transactions in under five seconds, with fees costing a fraction of a cent, positions it as a preferred choice for companies seeking efficient and scalable solutions.

Global Expansion of Corporate XRP Adoption

The growing interest in XRP as a digital reserve asset extends beyond the United States. Gumi Inc., a Japanese gaming and blockchain company, recently raised $38 million in capital. Of that amount, $13.5 million will be allocated to the company’s XRP treasury. This move is part of Gumi’s broader Digital Asset Token (DAT) initiative, which aims to increase shareholder value through cross-chain integrations and staking, alongside token appreciation.

Meanwhile, VivoPower, an energy company, raised $19 million by selling shares to bolster its XRP treasury. These actions highlight a broader trend among public companies adopting XRP as a strategic reserve asset. The token’s growing adoption is evident as more companies in various sectors are integrating it into their financial strategies.

XRP Treasury Holdings Reach New Heights

Data from Crypto Treasury Tracker reveals that XRP holdings in corporate treasuries have now surpassed $11.5 billion. This increase underscores XRP’s rising prominence as a key asset in the portfolios of publicly traded companies.

The top holder of XRP is SBI Holdings, based in Japan, with an estimated $10.4 billion in XRP reserves. Other notable companies, including Trident Digital and Webus International, are also significant contributors to the growing XRP treasury pool.

Trident Digital, in particular, has been proactive in securing corporate XRP reserves. The company announced plans in June to raise up to $500 million to establish one of the first major corporate XRP treasuries globally.

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