SBI Holdings, a leading Japanese financial group, has achieved a significant milestone by surpassing ¥10 trillion ($66 billion) in assets under management (AUM), reaching this target five months ahead of schedule. Chairman Yoshitaka Kitao announced the achievement on X, describing it as the start of a new phase of growth, emphasizing the company's shift toward integrating traditional asset management with emerging financial technologies.
The growth has been driven by methodical product expansion, including the flagship SBI V S&P 500 Index Fund, which manages approximately ¥2.5 trillion, and newer offerings like the SBI Global Equity Index Fund and SBI iShares India Equity Index Fund. Alternative strategies, such as the Next Generation Technology Strategy Fund, returned over 20% in its first month, attracting both retail and institutional investors.
Subsidiaries have played a key role, with SBI Okasan Asset Management joining the group in September 2025, adding billions in assets through products like the ROBOPRO Fund and Foreign Currency MMF (USD). SBI's U.S.-based arm, Carret Asset Management, has strengthened its global footprint.
A major highlight is the deepened alliance with Ripple, as SBI invested $200 million in Evernorth Holdings, a U.S. firm backed by Ripple Labs. This investment, part of a Private Investment in Public Equity (PIPE) round, supports Evernorth's plan to purchase over $1 billion in XRP, establishing one of the world's largest institutional XRP treasuries. Evernorth is set to list on Nasdaq in Q1 2026 under the ticker XRPN and is expected to manage more than 560 million XRP for cross-border payment solutions and blockchain-based services.
Looking ahead, SBI Global Asset Management aims to double its AUM to ¥20 trillion by March 2028 through digital innovation, strategic acquisitions, and low-cost funds, underscoring its commitment to blending blockchain technology with traditional finance.
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