The XRP Ledger (XRPL), which uses XRP as the native token, received a major institutional-grade on-ramping system on April 7.
On Tuesday, the XRP Ledger began powering a new token issuance infrastructure for SBI Ripple Asia, a strategic joint venture between SBI Holdings and Ripple Labs. The new platform incorporates SBI Ripple Asia’s proprietary XRPL-based digital asset wallet control technology to meet the needs of users and businesses.
The framework has already received regulatory approval in Japan, facilitating seamless adoption of the XRP Ledger. On March 26, 2026, the infrastructure secured registration as a third-party prepaid payment instrument issuer under Japan’s Fund Settlement Act, a unified legal framework for non-bank payment and money transfer services.
“Our company will continue to promote the social implementation of blockchain technology in a manner compliant with regulations, and will work to build new business models through collaboration with partner companies and local communities,” the announcement noted.
What’s the expected impact on XRP Ledger?
SBI Ripple Asia’s regulated token issuance infrastructure is expected to deliver a significant uplift to XRPL’s on-chain activity, particularly through new third-party payment flows. Already, the XRPL has recorded steady growth in its addresses and transactions per ledger, as Finbold previously reported.
With this new initiative aimed at building a financial infrastructure that implements third-party prepaid payment instruments, XRP Ledger is well-positioned to accelerate that trajectory. Furthermore, as a top-tier layer-one public blockchain, XRPL has earned a reputation for consistent uptime, high throughput, and low transaction fees.
Additionally, SBI Ripple Asia is committed to building regulated payment rails on the XRPL to expand mainstream adoption of XRP. Given RLUSD’s role as the native stablecoin settlement layer on the XRP Ledger, demand for both XRP and Ripple USD (RLUSD) in Asia could grow in tandem with the adoption of this infrastructure in Japan and other jurisdictions in the near future. Meanwhile, increased demand for XRP in Asia could reinforce bullish sentiment over the long term.
