SBI Holdings is widening its crypto business in Japan as SBI VC Trade crossed 2 million registered accounts. The milestone came on July 6, 2026, after a year of rapid platform growth. It also reflects stronger demand for XRP, Bitcoin, stablecoins, and corporate digital asset services.
SBI VC trade accounts cross 2 million
SBI VC Trade reached the account mark about one year after it crossed 1 million users. The platform had about 1.94 million accounts in April 2026. Its latest figure confirms that customer growth continued during the second quarter.
SBI VC Trade also reported custody assets of ¥600 billion, or about $4 billion. The figure shows a compound annual growth rate of 44.6% since March 2023. That growth came as Japan’s regulated crypto market gained more users and products.
The platform expanded through earlier transfers and integrations, not only direct sign-ups. It integrated DMM Bitcoin accounts and assets during 2024 and 2025. It also absorbed Bitpoint Japan assets in April 2026.
SBI Holdings announced a plan in June 2026 to acquire Bitbank for $289 million. The deal would add about 960,000 accounts to the group’s crypto business. It would raise the combined account base to about 2.92 million.
The transaction would also lift combined crypto assets under management to about ¥1.1 trillion. The platform would gain more reach across retail and institutional users. The deal follows broader consolidation in Japan’s regulated exchange sector.
XRP rewards strengthen Ripple link
SBI VC Trade has kept XRP central to its retail and corporate crypto strategy. SBI Shinsei Bank launched a pilot program on June 10, 2026. The program lets depositors redeem 20% of deposit interest as crypto vouchers.
The eligible assets include Bitcoin, Ethereum, and XRP through SBI VC Trade accounts. The pilot targets about 4.33 million eligible bank accounts. SBI will review customer response before deciding whether to extend the program.
SBI also issued a blockchain bond worth ¥10 billion in February 2026. The bond rewarded retail buyers with XRP, which linked investment access with token incentives. The product matched SBI’s long business relationship with Ripple.
SBI VC has also prepared XRP-linked investment products for the Tokyo Stock Exchange. The products target about $32 billion in assets under management within three years. SBI has presented the plan as part of regulated digital asset access.
The XRP plans also build on SBI’s work with Ripple-linked stablecoin services. SBI began distributing Ripple’s RLUSD stablecoin in March 2026. The move added another asset tied to enterprise payments and regulated token use.
Bitcoin and stablecoins drive corporate use
SBI VC Trade has reported growing interest from listed companies using crypto for shareholder rewards. Some firms now offer Bitcoin and XRP instead of gift cards and vouchers. The change gives shareholders assets they can hold, trade, or use later.
Stablecoins have also become a larger part of SBI’s crypto business. The exchange became Japan’s first platform to support USDC in 2025. It then added JPYSC, Japan’s first yen-backed trust-type stablecoin, and Ripple’s RLUSD.
SBI is preparing a stablecoin lending service as regulated digital currency use expands. The service would add another business line beyond spot trading. It would also support wider use of stablecoins in Japan’s financial market.
SBI VC for Prime has become a key platform for corporate crypto services. The institutional arm supports treasury management, payment use, and digital asset rewards. The weak yen has also pushed some firms to consider crypto reserves.
SBI VC Trade now connects exchange accounts, bank rewards, stablecoins, and institutional products. Therefore, SBI Holdings has moved beyond a simple retail exchange model. It is building a regulated channel between crypto markets and traditional finance.
