SBI Ripple Asia has finalized development of its token issuance platform built on the XRP Ledger, marking a significant step forward for blockchain-based payments in Japan. The platform enables businesses to issue and manage regulated prepaid payment tokens through API connections, allowing seamless integration into existing applications without requiring changes to customer-facing interfaces.
Users can access digital assets within the services they already use, preserving familiar experiences while benefiting from blockchain infrastructure. The system also incorporates proprietary wallet control technology and is fully aligned with Japan's Payment Services Act, ensuring compliance for prepaid instrument issuance on a public blockchain network.
On March 26, 2026, SBI Ripple Asia officially registered as a third-party prepaid payment instrument issuer, granting the company authority to issue tokenized instruments directly through its XRPL-based system. The platform supports multi-merchant prepaid tokens that users can load with Japanese yen and spend across partner merchant networks, with real-world applications targeting economic zones such as tourist destinations.
Businesses can deploy reward and incentive mechanisms tied to consumer spending behavior, while transactions settle on the XRP Ledger within seconds at minimal cost. This combination of speed, low fees, and regulatory compliance makes the platform well-suited for scalable everyday payments without requiring merchants to overhaul their core systems.
Beyond this development, the XRP Ledger continues to see growth in network addresses and transaction volume. SBI VC Trade has also introduced RLUSD in Japan following coordination with Ripple, further expanding settlement options within the ecosystem. Additionally, SBI Ripple Asia and DSRV are conducting research into cross-border payment solutions between Japan and South Korea using XRPL, signaling continued expansion of blockchain payment infrastructure across the region.
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