SBI, WisdomTree, Upbit, Binance, and Uphold hold concentrated XRP positions. These holdings shape liquidity, price sensitivity, and institutional access.
Interest in XRP has changed from niche trading to large, public custody and institutional use.
Asset managers now list XRP products, and several major firms hold billions of tokens on the ledger. That matters because concentrated holdings shape liquidity, price swings, and access for ordinary investors.
Some firms hold XRP as customer deposits on exchanges, others hold it in managed products or corporate balance sheets. U
Understanding who holds large amounts helps readers judge market risk and where to watch for big transfers or product flows.
So, who owns the most XRP? Let’s profile five large firms acquiring XRPand explain how their holdings affect market behavior today practically.
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1. SBI Holdings
SBI Holdings, the Japanese financial group, holds a large position in XRP and Ripple-related assets. Public reporting and market coverage place SBI’s exposure at about ¥1.6 trillion, roughly $10 billion, a sum that at times exceeds SBI’s market value.
The company works closely with Ripple through SBI Ripple Asia and integrates XRP into payment experiments and exchange services. SBI treats XRP as both a strategic asset and a business tool, using it in product trials and partnerships.
These large SBI XRP holdings make the company a focal point for Japanese adoption and a key example of corporate involvement in XRP and public scrutiny.
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2. WisdomTree
WisdomTree launched a physically backed XRP ETP, XRPW, on November 21, 2024, listing it on Xetra, SIX, and Euronext.
The product holds actual XRP in custody for investors and charges a 0.50% management fee, among the lowest ETP fees for XRP in Europe.
By buying and storing XRP for clients, WisdomTree brings institutional processes such as regulated custody, audits, and fund structure to the market. This allows large investors to gain XRP exposure without managing private keys.
WisdomTree’s product shows how asset managers convert token demand into regulated investment vehicles, and it attracted steady inflows after launch.
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3. Upbit
Upbit, the South Korean exchange, holds one of the largest single exchange balances of XRP. On-chain trackers and rich-list reports put Upbit’s custody in the multiple billions of XRP, commonly reported between 5 and 6 billion tokens.
Those balances reflect customer deposits and active trading liquidity rather than corporate treasury claims. Still, such concentrated exchange custody affects local liquidity and price action when large withdrawals or internal transfers occur.
Recent on-chain reports of big movements from Upbit caused market chatter, and analysts treat XRP exchange reserve levels as a short term indicator of retail demand and regulatory watchers pay attention closely.
4. Binance
Binance is one of the largest holders of XRP, with on-chain trackers identifying addresses linked to the exchange holding over 1.4 billion XRP. Public rich-list snapshots list Binance balances around 1.47 billion tokens, an amount that represents a sizable share of circulating supply.
Those Binance XRP holdings mainly represent customer funds, but they matter for market depth because Binance supplies cross-pair liquidity and large withdrawals or deposits can shift short-term prices.
Traders and funds watch Binance wallet flows for real-time cues about sell pressure or accumulation, making its custody positions a practical signal for market participants. Binance lists XRP products and supports market-making.
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5. Uphold
Uphold, the US-founded trading platform, shows up in rich lists as holding more than 1.5 billion XRP in custody. The size places it among the largest single wallets on the ledger, which observers flagged as noteworthy in recent reporting.
Uphold emphasizes that these tokens belong to customers and that the platform manages custody rather than using XRP as a corporate treasury asset. Large customer balances on Uphold reduce dispersed retail holdings and concentrate potential sell or buy pressure in one place.
The company has issued public comments to clarify ownership and build user trust during scrutiny and to stabilize liquidity.
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Conclusion
Large XRP positions now come in two forms; institutional products and exchange custody. Both shape market behavior. Asset managers like WisdomTree create regulated, physically backed access that attracts institutional capital.
Strategic corporate XRP holders in Japan, most notably SBI, link token holdings to product and partnership strategies. Major exchanges such as Upbit, Binance, and Uphold hold billions in customer deposits that concentrate liquidity and affect short term price moves.
Keep an eye on XRP ETP inflows, exchange reserve changes, and official filings because those data points reveal real shifts in supply. Watch custody disclosures for clearer evidence of large moves and trends.
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