Japanese companies are adding bitcoin and XRP to corporate treasuries at a record pace as a persistently weak yen pushes firms to diversify beyond cash, SBI VC Trade said.
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Japanese firms turn to Bitcoin, XRP as weak yen drives 2M-account milestone
Japanese companies are adding bitcoin and XRP to corporate treasuries as a weak yen pushes firms to diversify beyond cash, according to SBI VC Trade, as the crypto exchange's registered accounts surpassed 2 million.
The crypto arm of Tokyo-based SBI Holdings said use of its corporate service, SBIVC for Prime, has grown as the weak yen drives firms to spread reserves beyond cash, with added demand from companies that distribute bitcoin or XRP through shareholder-perk programs.
SBI VC Trade's registered accounts across its VCTRADE and BITPOINT services have surpassed 2 million, roughly doubling since 2025 when it counted 1 million. The milestone follows the exchange's April 2026 merger with BitPoint Japan, with full brand integration expected around the end of December, which the company said should cut costs and unify service levels.
The trend signals a structural shift in Japanese corporate treasury management as the yen remains under pressure. With the Bank of Japan's rate hikes pushing 10-year JGB yields to a 30-year high of 2.85%, the opportunity cost of holding cash is rising — yet firms are still turning to crypto as a diversification tool alongside traditional fixed income.
Stablecoins Drive Broader Adoption
Stablecoins have been a second driver of account growth. SBI VC Trade listed USDC in March 2025 in what it called Japan's first dollar-stablecoin listing, and in June 2026 added Ripple's dollar-backed RLUSD alongside JPYSC, a yen-pegged token it described as the country's first trust-based yen stablecoin. The exchange also began offering lending against stablecoin holdings.
The SBI Group's broader XRP integration extends beyond treasury services. The group has launched shareholder XRP rewards, retail blockchain bonds and deposit products with XRP incentives, and is actively working on institutional products including a spot XRP ETF and tokenization programs designed to manage significant asset and payment volumes within Japan.
The milestone tracks a broader pickup in regulated crypto access in Japan, where a strict licensing regime has kept the market smaller than in the US or South Korea but is steadily drawing retail and corporate users as stablecoins and treasury strategies take hold. Bitcoin traded at $63,060 as of 14:30 UTC, up 2.2% on the day, while XRP changed hands at $1.13, according to CoinGecko data.
This article is for informational purposes only and does not constitute investment advice.
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