SBI Ripple Asia Completes PSA Registration on March 26, Enables XRPL Prepaid Token Issuance in Japan

On March 26, 2026, SBI Ripple Asia completed its registration as a prepaid payment instrument issuer under Japan's Payment Services Act, enabling direct issuance of regulated prepaid tokens on the XRP Ledger. The milestone converts the settlement technology into a consumer product; Tobu Top Tours, the travel arm of the Tobu railway group, launched the first prepaid travel token under the framework on XRPL mainnet.

Five days later, on March 31, SBI VC Trade began distributing Ripple's RLUSD stablecoin to Japanese customers, with Deloitte-attested reserves of approximately $1.568 billion backing 1.49 billion RLUSD in circulation. SBI Holdings also renewed its shareholder benefit program distributing XRP directly to its own shareholders, with distributions beginning May 1, 2026—a practice unique among publicly listed financial conglomerates globally.