The CEO of SBI Group, Yoshitaka Kitao, has disclosed Ripple's plans to go public once its case with the United States Securities and Exchange Commission (SEC) is settled. SBI is the largest shareholder of Ripple Labs. Kitao mentioned this in his speech during an earnings presentation call.

According to Kitao, Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen are ready for an initial public offering and have both supported the step. Garlinghouse had previously indicated his interest in a potential Initial Public Offering (IPO) last year. He even predicted that IPOs would become more prevalent in the crypto industry as many companies would head down that road.