SBI Ripple Asia

What SBI Ripple Asia does

SBI Ripple Asia is a Tokyo-based joint venture between SBI Holdings and Ripple, established in 2016 to deploy digital asset and payment infrastructure on the XRP Ledger across East and Southeast Asia. The company serves enterprise clients in travel, digital asset management, and financial services across Japan, South Korea, Indonesia, the Philippines, and Vietnam, with operational scale of 501-1000 employees.

Its core product is the XRPL Token Platform, launched in April 2026, which provides tokenization, cross-border settlement, and integration with Japan's regulated prepaid payment instruments framework. The platform is built on the XRP Ledger, leveraging blockchain technology contributed by Ripple, and was authorized by Japanese regulators in March 2026 to issue third-party prepaid payment instruments — a regulated status that allows the company to operate on the issuer side of Japan's prepaid payment stack.

The business model centers on enterprise platform fees from tokenization issuance, payment processing, and settlement services, with go-to-market distributed through SBI Holdings' Japanese financial network, Ripple's cross-border payment expertise, and an expanding roster of regional channel partners. Commercial deployments include a partnership with Tobu Top Tours in the travel sector, an institutional-investor partnership with Doppler Finance, a South Korea channel partnership with DSRV, and ecosystem participation in the Asia Web3 Alliance Japan. The company is explicitly targeting the approximately ¥30 trillion Japanese prepaid payments market as its primary addressable opportunity.

Name

SBI Ripple Asia

Legal name

SBI Ripple Asia

Website

https://ripple.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SBI Ripple Asia is a Tokyo-based joint venture between SBI Holdings and Ripple that operates the XRPL Token Platform for tokenized assets, cross-border payments, and Japan's regulated third-party prepaid payment instruments, serving enterprise clients across Japan, South Korea, and Southeast Asia.

Ownership category

akta.pro rank

Product category

Blockchain Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

SME & Business Cross-Border Payments (B2B) (FSAMAIAB)

akta.pro secondary industries

Cross-Border A2A & Bank Transfer Networks (FSAMAIAF), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)

Keywords

• Blockchain payments infrastructure
• Prepaid token platform
• Cross-border remittance
• Digital asset tokenization
• XRP Ledger services

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Payment Processing and Transaction Fees: Revenue generated from operating as an authorized third-party prepaid payment instrument issuer, processing transactions on the XRP Ledger network for prepaid payment services in Japan's regulated financial ecosystem.
2. Blockchain Infrastructure Services: Technical and regulatory support services provided through the venture studio partnership with Asia Web3 Alliance Japan, supporting startups building financial services on the XRP Ledger.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

SBI Ripple Asia is a joint venture between SBI Holdings and Ripple that builds and operates blockchain-based financial services infrastructure on the XRP Ledger. Its core offering is the XRPL Token Platform, which enables organizations to create and manage compliant digital tokens under Japan's Payment Services Act through enterprise API integration. The company also delivers cross-border payment and remittance solutions, and a yen-backed prepaid token payment system for travel, hospitality, retail, and tourism services.

Product overview

SBI Ripple Asia operates as a joint venture between SBI Holdings and Ripple, offering blockchain-based financial services primarily in Japan and the broader Asian market. The company's core product is the XRPL Token Platform, which enables organizations to create and manage compliant digital tokens under Japan's Payment Services Act through enterprise API integration. This platform is complemented by cross-border payment solutions leveraging the XRP Ledger for international remittances. The company collaborates with partners including DSRV for Japan-South Korea payment flows and has expanded its offerings to include prepaid payment systems for travel and tourism services.

Differentiator

Problem solved

Functional benefit

Brands

• XRPL Token Platform: A platform that allows organizations to create and manage compliant digital tokens under Japan's Payment Services Act through enterprise API integration, facilitating blockchain-powered payment solutions

Products and services

• XRPL Token Platform A blockchain-powered token platform built on the XRP Ledger that allows organizations (financial institutions and large corporations) to create and manage compliant digital tokens under Japan's Payment Services Act through enterprise API integration, facilitating regulated blockchain-powered payment and tokenization services.
• Cross-Border Payment Solutions Blockchain-based international remittance services enabling cross-border payments between Japan and other countries (including South Korea and Southeast Asian markets) using the XRP Ledger infrastructure. The solutions target financial institutions, remittance providers, and enterprises needing faster, cheaper international settlement.
• XRP Ledger Prepaid Payment Platform (Tobu Top Tours) A prepaid payment system on the XRP Ledger that converts yen-backed prepaid value into blockchain-based tokens for travel, hospitality, retail, and tourism services. Developed in partnership with Tobu Top Tours for use in Japan's prepaid payments ecosystem.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• DSRVcoreStrategic or Co-development Partner · 3 April 2026SBI Ripple Asia and DSRV initiated a joint research project to explore how blockchain technology centered on the XRP Ledger can improve cross-border payments between Japan and South Korea. The research aims to understand regulatory challenges, connect blockchain with existing systems, optimize remittance systems, and develop future applications for blockchain payments, with results intended for real payment systems.
• Asia Web3 Alliance Japan (AWAJ)coreStrategic or Co-development Partner · 21 February 2026Asia Web3 Alliance Japan (AWAJ) and SBI Ripple Asia signed a basic agreement for a technical support partnership aimed at helping startups and businesses implement blockchain-based financial services in Japan. The partnership leverages SBI Ripple Asia's expertise in international remittances and payments to provide hands-on technical support including system configuration, security verification, and scalability considerations, with XRP Ledger as the anticipated underlying technology.
• Doppler FinanceflagshipStrategic or Co-development Partner · 17 December 2025SBI Ripple Asia and Doppler Finance signed an MOU to collaborate on XRP-based yield infrastructure and RWA tokenization on the XRP Ledger. The partnership aims to expand XRP's role as a yield-bearing asset and reinforce institutional-grade security with SBI Digital Markets acting as custodian. The collaboration combines yield generation, compliant custody, and real-world financial integration, positioning XRP to expand from a transaction medium into an institutional-grade financial asset.
• Tobu Top Tours (Tobu Railway)coreStrategic or Co-development Partner · 30 September 2025Tobu Top Tours, a subsidiary of Tobu Railway, partnered with SBI Ripple Asia to develop a new prepaid token payment platform on the XRP Ledger in Japan. The platform converts yen-backed prepaid value into blockchain-based tokens for travel, hospitality, retail, and tourism services. The platform was completed on April 7, 2026, with regulatory approval obtained and public rollout planned for later in 2026, targeting Japan's ¥30 trillion annual prepaid payments market.
• RipplecoreStrategic or Co-development PartnerSBI Ripple Asia operates as the joint venture entity between SBI Holdings and Ripple, collaborating on XRP-powered international remittance services expanding into Indonesia, the Philippines, and Vietnam. The collaboration involves SBI Remit, SBI VC Trade, Ripple, and SBI Ripple Asia working together on blockchain-based payment infrastructure across Southeast Asia.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ripple: Parent company and developer of the XRP Ledger that SBI Ripple Asia is built on. Ripple provides cross-border payment, custody, and stablecoin (RLUSD) infrastructure globally, directly overlapping SBI Ripple Asia's product offering in the Asian market.
• Stellar Development Foundation: Operates the Stellar blockchain network focused on cross-border payments and financial inclusion. Shares the same blockchain-based cross-border payment value proposition as SBI Ripple Asia, with a similar institutional partner model (e.g., MoneyGram, Franklin Templeton).
• BitPay: Established crypto payment processor enabling merchants to accept and settle in digital assets. Provides comparable payment processing services on blockchain rails for enterprises, overlapping SBI Ripple Asia's merchant and cross-border payment use cases.
• Circle: Issuer of USDC stablecoin with significant cross-border payments infrastructure. Competes with SBI Ripple Asia's XRPL Token Platform in regulated token-based payment solutions for financial institutions, especially for stablecoin settlement and cross-border B2B flows.
• Paxos: Regulated blockchain infrastructure platform issuing stablecoins (USDP, PYUSD) and providing tokenization services. Competes directly in regulated token issuance and enterprise digital asset infrastructure, similar to SBI Ripple Asia's XRPL Token Platform positioning.

Regional players

• Money Forward: Major Japanese fintech providing personal finance, accounting, and business payment solutions. Competes in the Japanese fintech ecosystem where SBI Ripple Asia is launching, particularly for SME and enterprise financial services customers.
• PayPay: Japan's dominant mobile payment platform owned by SoftBank/Z Holdings. While consumer-focused, it represents the incumbent payment platform SBI Ripple Asia must compete against for merchant adoption and travel/tourism payment flows in Japan.

Broad incumbents

• MoneyGram: Traditional cross-border remittance leader now partnering with Stellar for blockchain-based settlement. Comparable to SBI Ripple Asia's Japan-Korea and SE Asia remittance ambitions, particularly through emerging market corridors.
• Wise: Global cross-border payments platform serving consumers and businesses with multi-currency accounts. Represents the fiat-native incumbent in cross-border remittances that SBI Ripple Asia's blockchain-based service competes with on cost and speed.

Emerging players

• Algorand Foundation: Public blockchain focused on enterprise and financial services use cases including payments and tokenization. Targets similar institutional customers with similar regulated-blockchain messaging, representing a potential alternative platform for the financial institutions SBI Ripple Asia is courting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/rippleofficial

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SBI Ripple Asia