Yoshitaka Kitao, CEO of SBI Holdings, Joins Ripple’s Board of Directors


Yoshitaka Kitao is known to the world for his role as the president and CEO of SBI Holdings. However, after years of working as the head of multiple companies in his lifetime, Ripple found it necessary to add him to their Board of Directors, according to a blog post from Ripple on April 25th. Chris Larsen, a co-founder of Ripple, announced the addition on Facebook as well.

Kitao clearly believes in the power of change with blockchain technology and digital assets, commenting that they are changing the way that payments are moved worldwide. Kitao credits Ripple as “the driving force behind this positive chance.” He expressed that he is excited to collaborate and be a part of what’s coming next.

SBI Holdings was founded in July of 1999 by Kitao, making it one of the most prominent financial services groups in all of Japan today. It has been its own “driving force” behind the digital asset innovation in Japan, influencing the adoption of blockchain.

Kitao is a major necessity in the connection between SBI Holdings and Ripple – a joint venture called SBI Ripple Asia that has already created a next-gen payment platform on RippleNet. More specifically, the company has introduced Ripple to the MoneyTap mobile app, giving consumers the ability to settle transactions to settle instantly at all hours of the day for bank customers.

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