Breaking: Ripple Affiliate SBI Launches Solana Trading & Custody Services

Kritika Mehta
Updated
Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.
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Breaking: Ripple Affiliate SBI Launches Solana Trading & Custody Services

Highlights

  • Ripple-linked SBI VVC Trade will now offer Solana trading and custody services.
  • The company has tapped WIZE to facilitate this offering.
  • Earlier this week, SBI Holdings also revealed a collaboration with Anthropic.

Ripple partner SBI Holdings has made an entry into Solana’s institutional ecosystem via its subsidiary, SBI VC Trade. Recently, SBI VC Trade announced the introduction of Solana (SOL) trading, custody and management services for institutional investors.

Ripple Backed SBI VC Trade Expands Into Solana Custody Services

Solana trading and custody services will be made available via SBIVC, the company’s platform for large-scale and institutional clients. For this, it will provide support in cryptocurrency trading, asset management, treasury management and Web3 support.

The release is part of the firm’s newest endeavor, as it joins forces with Tokyo-listed WIZE. For context, WIZE has embraced a strategy of a Solana treasury as it continues to expand its corporate footprint. The agreement will see SBI VC Trade handle the trading, storage, and management of SOL tokens.

In 2025, WIZE launched its Solana Treasury Business. They establishing the SOL treasury as a crucial element of its long-term strategy to add value to its corporate profile and boost its balance sheet. The company has also said it may have a digital asset side that will eventually supplement its social entertainment and media side.

WIZE’s selection of Ripple-backed SBI VC Trade following an evaluation of various criteria. These include consideration of regulatory compliance, operational security, and institutional support capabilities, per the announcement. Hence, the firm is looking to boost its Solana acquisition and management framework.

The deal comes as the institutional influx into SOL has increased after the launch of Solana ETFs in the U.S.

Major Endeavours By SBI Holdings In Crypto & AI Space

For further context, SBI VC Trade is a part of SBI Holdings, a group that has invested and collaborated with Ripple over the years. The exchange has been registered to offer crypto-related services in Japan. Moreover, it falls under the regulatory regime for digital asset businesses in Japan.

The WIZE partnership will allow for the Ripple affiliate’s exchange to continue to support WIZE’s treasury operations of SOL with SBIVC for Prime. Services for Prime members will include transaction execution, asset custody and asset management for institutional customers.

Recently, Ripple ally SBI Holdings also partnered with the AI startup, Anthropic. Through this collaboration, it aims to use its Claude AI for company-wide operations.

The move comes on the heels of the much-anticipated  Anthropic IPO for which it submitted a confidential filing lately.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.