Japan expands XRP use as FSA approves RLUSD and SBI issues 10 billion yen in tokenized bonds
Japan’s Financial Services Agency (FSA) has approved Ripple’s stablecoin RLUSD and licensed SBI Ripple Asia to issue prepaid payment tokens directly on the XRP Ledger, targeting a market worth roughly $200,000,000,000. SBI has also issued 10 billion yen in tokenized bonds that reward investors with XRP, and six SBI subsidiaries now distribute XRP directly to shareholders. Banks including Tottori Bank are using Ripple-powered rails for remittances, while Rakuten is integrating XRP into its loyalty ecosystem for 44 million users. XRP is Japan’s third most adopted cryptoasset and is supported by 20 licensed exchanges.