Ripple & SBI Holdings Plan RLUSD Stablecoin Launch in Japan by 2026
Ripple expands its stablecoin operations into Asia through a strategic partnership with Japan’s SBI Holdings. The companies plan to launch RLUSD through SBI VC Trade during the first quarter of 2026. This collaboration positions Ripple to capitalize on Japan’s evolving cryptocurrency regulatory framework.
The rollout will be handled by SBI VC Trade, SBI Holdings’ crypto-focused subsidiary. This partnership marks a significant milestone for Ripple’s global stablecoin expansion strategy. The timing aligns perfectly with Japan’s comprehensive regulatory developments for digital assets.
RLUSD Stablecoin Enters Japan Market Through Licensed Exchange
SBI VC Trade operates under a license as an Electronic Payment Instruments Exchange Service Provider. The exchange already demonstrates experience with stablecoin operations in Japan’s regulated environment. USDC launched on SBI VC Trade on March 26, 2025, marking the first officially approved stablecoin in Japan’s regulated financial market.
The partnership leverages existing infrastructure between Ripple and SBI Holdings. Their established relationship provides a foundation for smooth technical integration. Both firms expect a smooth transition due to their existing infrastructure.
RLUSD brings enterprise-focused stablecoin capabilities to Japanese markets. The dollar-backed token offers institutional-grade stability and compliance features. Ripple designed RLUSD specifically for cross-border payments and treasury management solutions.
Japan Stablecoin Regulations Create Favorable Environment for RLUSD
In March 2025, the Japanese Cabinet Minister approved a proposal to reform crypto brokerage and stablecoin laws. These reforms provide cryptocurrency companies with operational flexibility as intermediary businesses. This reform allows cryptocurrency companies to operate as an ‘intermediary business,’ providing flexibility to stablecoin issuers to back their tokens with various types of assets.
The new amendments would allow issuers to use certain Japanese and U.S. government bonds with a remaining maturity of three months or less as collateral instead. Previously, firms needed to match stablecoin supply with cash deposits in regulated banks.
As of July 2025, the FIEA, which traditionally governs securities and investment products, plays a larger role. The Financial Services Agency continues refining digital asset classifications and regulatory frameworks.
RLUSD Partnership Positions SBI for Stablecoin Competition
Circle’s USDC achieved $1 trillion in monthly trading volume by November 2024, with 78% year-over-year circulation growth. This demonstrates the substantial market opportunity for compliant stablecoins in regulated jurisdictions.
Japan’s Financial Services Agency (FSA) has moved to approve the country’s first yen-backed stablecoin, clearing the way for JPYC to issue a digital currency pegged to the JPY. The regulatory approval creates a competitive landscape for domestic and international stablecoin issuers.
SBI VC Trade’s experience with USDC provides operational knowledge for RLUSD integration. The exchange understands compliance requirements and technical specifications for stablecoin distribution. This expertise reduces implementation risks and accelerates market entry timelines.
Ripple SBI RLUSD Launch Targets Enterprise Applications
The move comes through a strategic partnership with Japanese financial conglomerate SBI Holdings and its licensed crypto exchange. SBI Holdings operates across multiple financial services sectors in Japan. The conglomerate’s reach extends to banking, securities, and insurance markets.
RLUSD targets enterprise customers requiring stable digital payment solutions. Cross-border remittances and corporate treasury management represent key use cases. Japanese businesses can leverage RLUSD for international transactions and foreign exchange operations.
The Q1 2026 timeline allows comprehensive preparation for regulatory compliance. This timeframe allows them to meet all legal and technical requirements. Both companies prioritize regulatory alignment over rapid market entry.
Market Impact of Ripple RLUSD Stablecoin in Japan
Japan’s stablecoin market continues to develop alongside regulatory clarity. With Japan set to approve its first officially sanctioned stablecoin, Ripple’s entry marks a significant step in shaping competition in the local digital asset market. International stablecoin issuers recognize Japan as a priority jurisdiction for expansion.
The partnership demonstrates confidence in Japan’s regulatory framework stability. Both companies invest resources in long-term market development rather than speculative ventures. This approach reflects Japan’s reputation as a mature cryptocurrency market.
RLUSD’s entry creates additional options for Japanese cryptocurrency users and institutions. Competition between stablecoin providers benefits consumers through improved services and competitive pricing. Market diversity strengthens the overall digital asset ecosystem in Japan.
Conclusion
The collaboration between Ripple and SBI Holdings represents strategic alignment between international blockchain innovation and Japanese financial expertise. This partnership positions both companies to capture opportunities in Asia’s largest developed cryptocurrency market.
