Bitcoin, XRP draw Japanese firms as weak yen drives treasury diversification
SBI VC Trade says corporate demand for crypto is rising as a weak yen pushes firms to diversify reserves, part of a run that took its registered accounts past 2 million.
By Shaurya Malwa|Edited by Cheyenne Ligon
Updated Jul 7, 2026, 1:37 p.m. Published Jul 7, 2026, 1:26 p.m.
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Summary
Japanese companies are turning to bitcoin and XRP as a weak yen pushes them to diversify their corporate treasuries, according to SBI VC Trade, as the crypto exchange’s registered accounts passed 2 million.
The crypto arm of financial group Tokyo-based SBI Holdings said use of its corporate service, SBIVC for Prime, has grown as the weak yen drives firms to spread reserves beyond cash, with added demand from companies that hand out bitcoin or XRP through shareholder-perk programs.
It reported the account milestone on Tuesday, roughly double the 1 million it counted in 2025.
The 2 million figure combines its VCTRADE and BITPOINT services and follows SBI VC Trade’s April 2026 merger with sister firm BitPoint Japan. The company plans to fully integrate the two brands around the end of December, which it said should cut costs and unify service levels.
Stablecoins have been a second driver. These are digital tokens designed to hold a fixed value against a fiat currency like the dollar or yen. SBI VC Trade listed USDC in March 2025 in what it called Japan’s first dollar-stablecoin listing, and in June 2026 added Ripple’s dollar-backed RLUSD alongside JPYSC, a yen-pegged token it described as the country’s first trust-based yen stablecoin, and began offering lending against stablecoins.
CoinDesk reported the RLUSD launch in Japan earlier this year, which ran through SBI VC Trade under the country’s approval regime.
The milestone tracks a broader pickup in regulated crypto access in Japan, where a strict licensing regime has kept the market smaller than in the U.S. or South Korea but is steadily drawing retail and corporate users as stablecoins and treasury strategies take hold.
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Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
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Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
Why it matters:
Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.