SBI: Ripple Valuation Remains Unclear Until IPO or Equivalent Event

SBI Holdings has clarified its expectations regarding the future valuation of its 9% stake in Ripple. They anticipate material gains from their investment will only be realized once a public market valuation is determined through an IPO or another equivalent disclosure event. This statement was made clear in recent SBI Group results materials shared by crypto researcher SMQKE. These materials highlight that Ripple’s value remains off-book until a definitive corporate valuation event clarifies the picture.