SBI Ripple Asia Completes Token Issuance Platform On XRPL

SBI Ripple Asia confirmed today that it completed its token issuance platform on the XRP Ledger. The system enables regulated prepaid payment tokens using blockchain infrastructure. The move follows its registration as a third-party prepaid payment instrument issuer, aligning the platform with Japan’s Payment Services Act while integrating existing applications through APIs.

SBI Ripple Asia Builds Regulated XRPL Payment Layer

In a disclosure today, SBI Ripple Asia confirmed they completed development of their platform on XRP Ledger, enabling token issuance and management through API connections. Businesses can integrate blockchain tokens into existing apps without altering customer interfaces. 

Source: SBI Ripple Asia

As a result, users access digital assets within familiar services, maintaining continuity across platforms. Also, the system incorporates proprietary wallet control technology while addressing regulatory requirements tied to prepaid instruments. 

According to SBI Ripple Asia, the framework supports compliant issuance of third-party prepaid payment tokens on a public blockchain. This structure ensures that tokenized value aligns with existing financial rules while operating on decentralized infrastructure.

Prepaid Instruments Enter Real-Economy Use

SBI Ripple Asia also secured official registration as a prepaid payment instrument issuer on March 26, 2026. This step allows the company to issue tokenized instruments directly through its XRPL-based system. 

The platform supports multi-merchant prepaid tokens that users can preload with Japanese yen and spend across partner networks. The system targets real-world use cases tied to economic zones such as tourist destinations. 

It links consumer activity with digital incentives, enabling businesses to deploy reward mechanisms tied to spending behavior. Meanwhile, users interact with tokens without disrupting existing payment habits, as integration occurs at the application level.

Also, transactions settle on XRPL within seconds and at low cost, supporting scalable everyday payments. The backend infrastructure operates on transparent blockchain rails while maintaining compliance with financial regulations. This combination allows businesses to expand services without redesigning their core systems.

XRPL Activity Market Activity

Apart from the SBI Ripple Asia partnership, XRPL continues recording growth in addresses and transactions per ledger. The platform introduces additional third-party payment flows, which may increase on-chain activity across the network. 

XRPL maintains high throughput and consistent uptime, supporting its role in payment-focused applications. Also, SBI VC Trade introduced RLUSD in Japan following coordination with Ripple. This addition expands settlement options within the XRPL ecosystem.

Meanwhile, SBI Ripple Asia and DSRV are carrying out a study on how to support cross-border payments between Japan and South Korea using XRPL.