Image Credit: SBI VC Trade
Key Takeaways
- SBI VC Trade’s registered accounts topped 2 million, up from 1.93 million in March, after merging with Bitpoint Japan
- Some Japanese companies are using Bitcoin and XRP to diversify holdings and pay shareholder dividends as the yen trades near 40-year lows
- SBI VC Trade continues expanding stablecoin offerings, including launching Ripple’s RLUSD in Japan
SBI VC Trade, the digital asset arm of Japanese financial group SBI Holdings, said its registered accounts have surpassed 2 million, alongside signs that some Japanese companies are beginning to use Bitcoin and XRP for shareholder payments.
User Base Grows to 2 Million as Yen Weakens
SBI VC Trade said its account total exceeded 2 million as of Monday, June 6, up from 1.93 million in March, an increase of roughly 69,000 accounts over that period. The company said the total combines users across its VCTRADE and Bitpoint service platforms.
Bitpoint Japan became part of the SBI Group through a merger completed in April 2026, a move the company said increased its combined user base in the domestic crypto market. The company attributed the account growth to ongoing service improvements, without specifying which changes contributed. SBI VC Trade described itself as the only electronic payment method-registered exchange in Japan, alongside continued expansion of its stablecoin offerings.
Some Companies Use Bitcoin and XRP Amid Currency Pressure
SBI VC Trade said its corporate service, SBIVC for Prime, is seeing increased use from companies as the Japanese yen trades near 40-year lows. The company said some institutions have used Bitcoin and XRP to diversify their financial holdings amid the currency’s weakness.
According to SBI VC Trade, some companies are also beginning to use the two cryptocurrencies to pay dividends or rewards to shareholders. The company did not disclose which firms have adopted this practice or the scale of transactions involved.
SBI VC Trade said it leads the Japanese market in staking services, based on the number of coins available for staking on its platform. The company did not cite independent data to support the ranking.
Stablecoin Expansion Continues With RLUSD Launch
SBI VC Trade began building out its stablecoin offerings in March 2025 with the integration of USDC on its VCTRADE platform. The company later introduced JPYSC, which it describes as the first yen-denominated stablecoin in Japan.
Most recently, SBI VC Trade brought Ripple’s RLUSD stablecoin to the Japanese market through a partnership with Ripple. The company said it plans to launch stablecoin lending services that would allow customers to lend stablecoins to the platform for a set period in exchange for rewards.
Company Targets Further Consolidation by Year-End
SBI VC Trade said the stablecoin and staking expansion supports its broader goal of expanding its position in Japan’s crypto industry. The company also said it plans to integrate its two service brands, VCTRADE and Bitpoint, by December.
