Key facts
- SBI Holdings is restructuring a subsidiary to focus on the Canton Network.
SBI Holdings, a key partner of Ripple, is restructuring a subsidiary to focus on institutional on-chain finance using the Canton Network, signaling a diversification beyond Ripple's XRP Ledger and RippleNet.
SBI's diversification into the Canton Network signals a broader trend of institutional adoption of multi-chain blockchain solutions, potentially increasing competition and innovation in the on-chain finance space beyond single-ecosystem strategies.
SBI Holdings, a significant partner of Ripple in Asia, is expanding its focus on institutional on-chain finance by restructuring one of its subsidiaries to leverage the Canton Network. The subsidiary, formerly SBI Security Solutions Co., Ltd., will be renamed SBI Digital Practice Co., Ltd. as of June 22, 2026, and will operate as a standalone business dedicated to the Canton Network.
This strategic shift indicates SBI's intention to move beyond its existing reliance on Ripple's XRP Ledger and RippleNet for its digital asset strategy. SBI Digital Practice aims to support financial institutions in establishing compliant blockchain frameworks and promoting wider adoption of on-chain finance. The company will provide comprehensive support for the implementation of financial infrastructure and applications on the Canton Network, facilitating both domestic and international cross-border and cross-currency transactions.
SBI anticipates a growing demand for the Canton Network at the institutional level. The network currently boasts over 600 participating institutions, including major financial players like Goldman Sachs, BNP Paribas, and Franklin Templeton. Furthermore, the total value of assets on the network has surpassed $6 trillion, with recent adoption by DTCC for digital securitization of U.S. Treasury bonds underscoring its increasing institutional utility.
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