Key Highlights
- SBI Ripple Asia has completed a token issuance platform on the XRP Ledger, allowing companies to create prepaid payment tokens.
- Users can spend and earn tokens through existing apps, with fast, low-cost transactions that don’t change how they normally pay.
- The platform supports real-world and cross-border use, including spending at multiple merchants and reward programs.
SBI Ripple Asia, a joint venture between Japan’s SBI Holdings and Ripple, stated on Tuesday that it has completed its token issuance platform on the XRP Ledger.
According to the official release, the platform now allows companies to create prepaid payment tokens that follow the rules of Japan’s Payment Services Act. The move comes after the company registered as a third-party prepaid payment instrument issuer on March 26, 2026.
Integrating tokens into existing apps
The platform integrates with existing business applications through APIs, which are tools that let different software programs work together. Businesses can connect the platform to existing apps without changing how customers use them.
In addition, the system lets businesses issue and manage tokens on the XRP Ledger. Users will be able to access these tokens through apps they are already familiar with. The system also includes proprietary wallet control technology, which helps manage tokens securely while following rules for prepaid payment instruments.
According to SBI Ripple Asia, the platform supports the issuance of third-party prepaid tokens that comply with Japanese financial regulations. The firm said the tokens can be loaded with Japanese yen and spent at multiple merchants, including locations in economic zones such as tourist areas. This means that when users pay for shopping, they can earn tokens as rewards.
Users do not need to change how they normally pay, as the platform works behind the apps they already use. The company said the XRP Ledger is well-suited for the platform because transactions on the blockchain happen within seconds and have low processing costs.
Growing blockchain activity and cross-border plans
The release also noted growing blockchain activity, with more users and transactions happening every day. By adding more real-world use for tokens, the platform could increase activity on the blockchain.
Meanwhile, SBI VC Trade, a crypto exchange and subsidiary of SBI Holdings, has also introduced RLUSD in Japan in coordination with Ripple. This is expected to give users more ways to make payments on the XRP Ledger.
SBI Ripple Asia and DSRV are studying how the XRP Ledger could support cross-border payments between Japan and South Korea. This work focuses on enabling secure, compliant international transactions using the blockchain system.
In short, the completion of this platform is a step toward using blockchain for everyday payments in Japan.
SBI Ripple Asia said that it will continue to “promote the social implementation of blockchain technology in a form that complies with regulations, and will work on building a new business model through cooperation with partner companies and regions.”
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