SBI Remit Tops ¥2.5T Transfers While MOEX Launches Ripple Index and Futures
XRP•Japan’s SBI Remit has processed a cumulative ¥2.5 trillion in cross-border transfers, equivalent to over $15 billion, using Ripple infrastructure since launch. The Moscow Exchange introduced an official Ripple index and ruble-settled futures in mid-May, triggering a notable uptick in large-scale XRP accumulation by Russian investors.
1. SBI Remit Hits ¥2.5 Trillion Transfer Milestone
Since its inception, SBI Remit has facilitated over ¥2.5 trillion in cumulative cross-border money transfers—more than $15 billion—by running on Ripple’s payment infrastructure, underscoring growing corporate reliance on XRP rails for cost-efficient remittances.
2. Moscow Exchange Unveils Ripple Index and Futures
In mid-May, the Moscow Exchange launched its first regulated Ripple index and ruble-settled futures contracts, granting qualified investors a secure, onshore mechanism to trade XRP without converting to foreign currencies, and marking a key step in Eurasian crypto adoption.
3. Surge in Institutional and Whale Accumulation
Following the MOEX launch, on-chain data shows a sharp rise in large wallet inflows, indicating renewed confidence from Russian institutional and whale investors; this accumulation trend could signal tighter supply and potential upside pressure on XRP.
