- SBI wants to reach ¥5 trillion ($32 billion) in AUM within three years of ETFs going live.
- Japan’s FSA is looking at a new framework to classify crypto as a financial product.
- The regulatory approval for SBI’s XRP and Bitcoin ETFs is still pending.
SBI Holdings, the Japanese financial giant, is doubling down on its long‑time support for XRP and digital assets as it pushes an aggressive growth plan tied to the Tokyo Stock Exchange (TSE).
It was announced that the company plans to list both XRP and Bitcoin ETFs on TSE, intending to reach ¥5 trillion ($32 billion) in AUM (assets under management) within three years of going live. It’s worth noting that the regulatory approval is still pending.
Japan’s financial watchdog, the FSA (Financial Services Agency), is looking at the new regulatory framework that would officially treat crypto assets as financial products.
SBI has long maintained close ties with Ripple and remains one of the strongest institutional supporters of XRP globally. The two worked together on cross‑border payments, building out the XRP ecosystem, running joint ventures in Asia, setting up blockchain‑based remittance systems, and offering digital asset services for institutions.
Via SBI Remit, Ripple‑backed blockchain tech is already live in cross‑border payment partnerships. This speeds up settlements and cuts dependence on traditional SWIFT systems.
Additionally, SBI was a key player in launching SBI Ripple Asia, a big partnership designed to upgrade how cross‑border payments settle across Asia.
Japan is Becoming a Global Crypto Innovation Hub
Recently, there have been several crypto and tokenization projects happening throughout Japan.
Last month, Japan Securities Clearing Corporation partnered with Mizuho Financial Group and Nomura Holdings to test government bond settlement infrastructure using blockchain technology.
Metaplanet (Japan’s Bitcoin treasury strategy company) has continued its aggressive accumulation of Bitcoin, helping to position Japan as a growing institutional market for cryptocurrency. In April, the company pushed its stash over 40,000 BTC by selling more zero‑interest bonds to pay for the purchases.
In the meantime, SBI Group and Visa have teamed up to launch crypto‑linked reward cards in Japan, weaving digital assets deeper into daily spending and finance.
Also, SBI Securities and Rakuten Securities are getting ready to roll out their own crypto investment products, with both companies building digital asset products right into their current trading platforms.
Related: SBI Ripple Asia Has Completed Its Token Issuance Platform on XRP Ledger (XRPL)
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