RLUSD Set to Enter Japanese Market as Ripple and SBI Deepen Digital Finance Collaboration
Ripple has signed a memorandum of understanding with SBI Holdings and its subsidiary SBI VC Trade to distribute its stablecoin, Ripple USD (RLUSD), in Japan.
WRITTEN BY
Terence Zimwara
RLUSD Set to Enter Japanese Market as Ripple and SBI Deepen Digital Finance Collaboration
RLUSD’s Focus on Compliance
Digital asset infrastructure provider, Ripple, has announced a new memorandum of understanding (MOU) with SBI Holdings and its subsidiary, SBI VC Trade, outlining the intention to enable the latter to distribute stablecoin Ripple USD (RLUSD) in the Japanese market. The addition of RLUSD to SBI VC Trade’s portfolio is expected to widen stablecoin options for Japanese users.
The announcement comes weeks after SBI Holdings revealed in its latest quarterly earnings presentation that “discussions are underway at SBI VC Trade regarding the handling of RLUSD.” The earnings presentation also added that SBI VC Trade would seek to start handling the stablecoin within this fiscal year.
Launched in December 2024, RLUSD is said to be designed with compliance and transparency at its core. It is fully backed by U.S. dollar deposits and short-term U.S. government bonds and undergoes monthly attestations from a third-party accounting firm. According to an Aug. 22 statement, this commitment to regulatory clarity distinguishes RLUSD from other stablecoins, providing the security that institutions require.
Remarking on the importance of collaborating with Ripple, Tomohiko Kondo, CEO of SBI VC Trade, stated:
“The introduction of RLUSD will not just expand the option of stablecoins in the Japanese market, but is a major step forward in the reliability and convenience of stablecoins in the Japanese market, and an important step in further accelerating the convergence of finance and digital technology. We will continue to work with Ripple to build a safe and transparent financial infrastructure.”
Jack McDonald, Ripple’s Senior Vice President of Stablecoins, echoed this sentiment, stating, “Our partnership with SBI has always been about more than just technology; it’s about building a trusted and compliant financial future. The distribution of RLUSD in Japan with SBI VC Trade is a culmination of that work. RLUSD is designed to be a true industry standard, providing a reliable and efficient bridge between traditional and decentralized finance.”
SBI VC Trade plans to make RLUSD available in Japan by the first quarter of 2026, marking a significant step forward in the integration of stablecoins into the Japanese financial landscape.
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