SBI Ripple Asia Completes XRPL Token Platform

SBI Ripple Asia, a joint venture between Ripple and Japan's SBI Holdings, announced on April 7, 2026, the completion of its XRPL Token Platform, a blockchain-based system for issuing and managing digital tokens on the XRP Ledger. The platform received regulatory approval as a third-party issuer of prepaid payment instruments on March 26, 2026, enabling compliant tokenization of financial products under Japan's Payment Services Act.

The system allows businesses to create and administer tokens representing prepaid value, such as digital gift cards or stored-value instruments, through simple API integrations with existing applications. This design minimizes disruptions to current operations while leveraging the XRP Ledger's fast settlement times and low costs. Security features include proprietary wallet management and adherence to anti-money laundering and know-your-customer protocols, ensuring alignment with Japan's financial regulations.

The development builds on a decade-long partnership between Ripple and SBI Holdings, established in 2016 through the joint venture. Previous collaborations include real-time payment corridors between Japan and Thailand launched in 2022, and...