Gumi Invests in XRP, Joins SBI and Ripple for Treasury Strategy

Japanese gaming company Gumi Inc. has joined forces with SBI Group and Ripple to support XRP’s treasury program, demonstrating a growing trend of institutional interest in cryptocurrencies. This strategic move involves Gumi allocating ¥2.5 billion (around $17 million) for XRP purchases through 2026. SBI Holdings’ substantial investment, totaling $200 million, further boosts XRP adoption for cross-border payments within the Japanese market. Ripple’s involvement as the developer of XRP is crucial in providing efficient payment solutions globally.