April 12, 2025
by Jake Claver
by Jake ClaverSBI, Ripple, and XDC: what the primary sources show
The strongest ecosystem research starts with specific organizations and documents that readers can verify. The thread here runs through SBI, Ripple, and XDC.
The Concrete Signal
This material gives a concrete example of ecosystem activity that can be checked against named sources. The primary source is the SBI Integrated Report 2025 PDF, a research document, with supporting material from the SBI FY2025 presentation PDF and the SBI investor library.
What This Means For XRPL
What it changes for the Ripple and XRP Ledger ecosystem: verified partnerships and documentation make the ecosystem easier to evaluate.
One caveat for honest use: Avoid extrapolating beyond SBI’s report.
From The Source
