The token used in Ripple Labs' payment network has climbed sixfold this year as some traders look through the SEC case and analysts see bullish patterns in price charts.
Data and traders reveal the source of XRP's recent price rally could be Asia.
Tetragon was one of Ripple Labs' big financial backers.
The announcement came hours after Coinbase and OKCoin took similar actions.
The SBI Holdings statement refers to a research article by Sadakazu Osaki of the Nomura Research Institute indicating that under Japanese law XRP is a "cryptocurrency asset" and not a security.
The SEC's suit against Ripple has triggered a steep sell-off in price for the payments token XRP. Meanwhile, prices for Chainlink's token have increased seven-fold this year, most among CoinDesk 20.
Ripple's patented design would allow derivatives to settle based on external information – such as temperature data.
The CEO of Ripple Labs, Brad Garlinghouse, has criticized the Financial Times for saying his company plans to move away from interbank payments.
Ripple Labs UBRI program adds two new universities amidst increasing pressure from market incumbents
The Coil blogging platform offers tipping via XRP and in future plans to work with a variety of assets.
Ripple's CEO gave JPMorgan qualified praise for developing its own cryptocurrency before dismissing the product's usefulness.
A new lawsuit claims XRP is a security controlled by Ripple.
Ten new partners have joined Ripple's "blockchain network," which focuses on cross-border transactions and DLT standards.
The price of Ripple's XRP token surged to a more-than four-month high overnight, sparking trader notice.
A consortium of 47 banks has completed a distributed ledger technology pilot spearheaded by SBI Ripple Asia.