Breaking: Ripple Ally SBI Expands On-Chain Finance Beyond XRPL, RippleNet Via Canton Network

Ripple’s closest banking partner in Asia is expanding its blockchain goals beyond the XRP Ledger and RippleNet. SBI Holdings has announced a major restructuring of one of its wholly owned subsidiaries, with the business at the heart of its strategy with respect to the Canton Network. The shift is the latest effort by SBI to venture into institutional on-chain finance alongside its move off Ripple’s network.

Ripple Partner SBI Holdings Adopts Canton Network

On Tuesday, July 28, SBI Holdings has announced that SBI Security Solutions Co., Ltd. will be renamed to SBI Digital Practice Co., Ltd., as of June 22, 2026. The company will now be SBI’s standalone business in the financial services space based on the Canton Network. According to the company overview, SBI Holdings owns 100% of the business, which is headquartered in Roppongi, Minato-ku, Tokyo.

The restructuring follows the long-term vision of on-chain finance of SBI. About the financial products and transactions, the company noted that blockchain networks are increasingly being used. Thus, SBI Digital Practice will support financial institutions to create compliant blockchain framework and promote institutional adoption.

The subsidiary will offer such financial firms an end-to-end support, SBI said. It will be involved in creating financial infrastructure and applications on the Canton Network. It could therefore helping domestic and foreign institutions implement, and creating platforms for cross-border and cross-currency transactions.

The company overview also mentions that SBI Digital Practice will be primarily concerned with on-chain financial services, business development, system building, and operations. Earlier, SBI Holdings partnered with Fassets to move forward with stablecoin cross-border initiative.

Is SBI Looking Beyond XRPL, RippleNet?

It’s a noteworthy announcement since SBI has close ties with Ripple. In 2016, SBI Holdings and Ripple founded SBI Ripple Asia in an attempt to expand RippleNet-based cross-border payments throughout the Asia-Pacific area. The joint venture also has been a key component in institutional adoption on the XRP Ledger and Ripple’s enterprise payment technologies.

However, the newest step signals SBI’s institutional blockchain strategy is not only based on the Ripple network but also on their own platforms. The expansion follows the month of SBI Ripple Asia’s reaffirmation of its support for XRPL just months ago. The company has recently become a Japanese third-party prepaid instrument issuer. It also launched a token issuance platform on the XRP Ledger in April 2026 to empower businesses to create compliant digital tokens.

SBI anticipates the demand for the Canton Network will continue to rise at the institutional level. Today, the network includes more than 600 participating institutions, including Goldman Sachs, BNP Paribas, Broadridge, Franklin Templeton, and Euroclear, SBI added.

Moreover, the total value of assets on the network has reached over $6 trillion, according to SBI. The firm also noted that DTCC’s recent adoption of Canton for the digital securitization of U.S. Treasury bonds was another indicator of the increasing institutional use of the company’s solution.

SBI is certainly one of Ripple’s most reliable partners but its recent restructuring suggests the company is no longer focused on a single blockchain ecosystem for its digital asset strategy. Instead, it’s preparing itself to take a wider piece of the institutional pie of multi-chain on-chain finance.

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