- SBI Global Asset Management surpassed ¥10 trillion ($66 billion) in AUM.
- Growth was driven by index and thematic funds, including the SBI V S&P 500 Index Fund.
- SBI plans to reach ¥20 trillion by 2028 amid its global expansion and partnership with Ripple to integrate blockchain.
Ripple’s long-time Japanese partner, SBI Holdings, has reached a major milestone in asset management. SBI has now surpassed ¥10 trillion ($66 billion) in assets under management (AUM) as of October 28, 2025. Notably, the company hit its fiscal-year target five months early, highlighting rapid growth across its investment products.
SBI Group Chairman Yoshitaka Kitao announced the news on X, calling it the start of “a new stage of growth”. The company’s AUM grew by roughly ¥1 trillion in just nine months, solidifying its position as one of Japan’s leading asset managers.
Growth Fueled by Index and Thematic Funds
SBI said the sharp increase was mainly driven by its index-based funds, especially the SBI V S&P 500 Index Fund, which alone manages around ¥2.5 trillion. Other top performers include the SBI Global Equity Index Fund and the SBI iShares India Equity Index Fund, both boosted by strong global equity markets.
The firm has also expanded into active and alternative funds, including high-dividend equity strategies in Japan and Europe, and the SBI iShares Gold Fund, now exceeding ¥200 billion in assets. Its Next Generation Technology Strategy Fund has been a standout, returning over 20% in its first month.
Subsidiary Growth and Global Expansion
SBI’s growth accelerated after SBI Okasan Asset Management became a subsidiary in September 2025. Okasan’s ROBOPRO Fund reached ¥150 billion in under two years, while its Foreign Currency MMF (USD) topped ¥70 billion within a year.
SBI’s U.S. arm, Carret Asset Management, also played a key role in the milestone, supporting SBI’s ambition to become a global investment leader. Together, these subsidiaries are helping the group expand its presence across Asia and beyond.
Related: Ripple’s Legally-Compliant RLUSD Stablecoin to Begin Distribution in Japan via SBI from 2026
SBI’s Connection to Ripple and XRP
SBI Group remains one of Ripple’s earliest and strongest partners in Japan. Through SBI Ripple Asia, the companies promote XRP-based payment and settlement solutions throughout the Asia-Pacific region.
SBI Holdings also recently invested $200 million in Evernorth Holdings, a U.S. firm backed by Ripple Labs and other investors. Evernorth plans to purchase over $1 billion in XRP to create the largest institutional XRP treasury. More specifically, it plans to manage more than 560 million XRP once listed on Nasdaq (ticker: XRPN) after its Q1 2026 merger with Armada Acquisition Corp II.
Related: Evernorth Holdings Reaches 95% of XRP Target with 388.7 Million Tokens Acquired
SBI’s Next Target: Doubling AUM by 2028
SBI Global Asset Management now aims to double its AUM to ¥20 trillion by March 2028. The firm plans to expand through low-cost, high-quality investment products, digital innovation, and strategic acquisitions.
With Ripple’s blockchain solutions supporting its cross-border ambitions, SBI’s continued growth highlights the fusion of traditional finance and blockchain technology.
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