SBI expands beyond Ripple with Canton Network unit

SBI Holdings has restructured a wholly owned subsidiary around the Canton Network, extending its institutional blockchain strategy beyond Ripple and the XRP Ledger. Summary SBI Digital Practice will build financial infrastructure and applications on the Canton Network. SBI said Canton connects more than 600 institutions and supports over $6 trillion in assets. The restructuring adds Canton to SBI’s work across XRP Ledger, Solana, stablecoins, and tokenized securities. Canton’s link to tokenized U.S. Treasuries gives the Japanese expansion a direct U.S. market connection. SBI creates dedicated Canton Network business SBI Holdings announced on July 28 that SBI Security Solutions had changed its name to SBI Digital Practice Co. Ltd., effective June 22. The wholly owned subsidiary will now operate as SBI’s dedicated on-chain finance business specializing in the Canton Network. SBI has also renewed the company’s management structure to support the change. Excerpt from SBI Holdings’ Canton Network restructuring notice | Source: SBI Holdings SBI Digital Practice will plan, develop, and operate financial infrastructure and applications for institutions using Canton. Its services will cover...