SBI Targets ¥5T AUM with Planned TSE Bitcoin and XRP ETFs

SBI Holdings is ramping up its digital-asset push, outlining plans to list Bitcoin and XRP exchange-traded funds (ETFs) on the Tokyo Stock Exchange (TSE) and aiming to reach ¥5 trillion ($32 billion) in assets under management within three years of launch. Regulatory approval for the proposed ETFs remains pending. The move comes as Japan's Financial Services Agency (FSA) considers a new regulatory framework that would formally classify crypto assets as financial products, a shift that could reshape how crypto-linked investment vehicles are approved and overseen. SBI has maintained a long-standing relationship with Ripple and is widely viewed as one of XRP's most prominent institutional backers. The companies have collaborated on cross-border payments initiatives, ecosystem development, joint ventures across Asia, blockchain-based remittance infrastructure, and institutional digital-asset services. SBI Remit already uses Ripple-backed blockchain technology in cross-border payment partnerships, a setup designed to accelerate settlement and reduce reliance on traditional SWIFT-based rails. SBI also played a central role in establishing SBI Ripple Asia to modernize cross-border settlement across the region. Japan's broader crypto and tokenization activity has also accelerated. Japan Securities Clearing Corporation recently partnered with Mizuho Financial Group and Nomura Holdings to test government bond settlement infrastructure using blockchain technology. Metaplanet, which has pursued an aggressive Bitcoin treasury strategy, continued accumulating BTC and in April said it pushed its holdings above 40,000 BTC after issuing additional zero-interest bonds to fund purchases. On the consumer side, SBI Group and Visa have partnered to launch crypto-linked reward cards in Japan. Brokerage platforms are also preparing new offerings: SBI Securities and Rakuten Securities are reportedly working to introduce crypto investment products integrated into their existing trading services. Disclaimer: This content is provided for informational and educational purposes only and does not constitute financial advice. Coin Edition is not responsible for any losses resulting from the use of referenced content, products, or services. Readers should exercise caution before taking any action related to the company.