SBI Holdings is vigorously promoting cryptocurrency initiatives, notably proposing two XRP-linked ETFs and planning to develop stablecoins to expand applications and promote the digital market in Japan.
SBI's strategic moves focus on diversifying financial products, promoting the legalization of cryptocurrencies as investment assets, and coordinating with regulatory agencies to amend regulations, creating growth momentum for the domestic cryptocurrency industry.
MAIN CONTENT
SBI proposes two ETF models combining XRP and gold in Japan.
Developing the USD-backed RLUSD stablecoin and collaborating to promote USDC.
Accelerating tax reform and relaxing remittance limits for cryptocurrencies.
What are the two XRP-linked ETFs proposed by SBI and why are they important?
SBI presented in its Q2/2025 financial strategy the proposal for two new ETFs, including one product that combines over 51% gold with cryptocurrencies, while the other ETF focuses entirely on coins like Bitcoin and XRP. These could be the first ETFs in Japan to have XRP licensed.
This demonstrates SBI's confidence in Ripple technology and helps attract institutional investors with XRP, while also diversifying the investment portfolio for Japan's cryptocurrency market.
“The licensing of ETFs containing XRP will mark an important step in the acceptance of Ripple technology in Japan and promote cross-border trading.”
Mr. Yoshitaka Kitao, Chairman and CEO, SBI Holdings, 2025
What benefits does SBI's gold-crypto ETF bring?
The Digital Gold Crypto ETF combines the stability of gold with the growth potential of Bitcoin and XRP. This is a balanced option, suitable for investors who want to enter the cryptocurrency market while maintaining traditional asset safety.
This initiative not only expands the customer base but also highlights SBI's long-term vision for XRP's role in cross-border payments in Asia.
How is SBI expanding its stablecoin strategy with RLUSD and USDC?
SBI aims to issue the USD-based RLUSD stablecoin in this fiscal year and collaborate with Circle to promote USDC recognition in Japan. The company is working with regulators to lift the 1 million yen remittance limit, aiming to enhance business applications.
The USD-backed stablecoin is expected to provide bi-directional economic benefits between Japan and the United States, while also opening up opportunities for more efficient domestic and cross-border payment development.
Could Japan soon have a yen-based stablecoin?
SBI is researching the issuance of a yen-based stablecoin with the involvement of licensed banks and trust organizations. The goal is to promote the demand for Japanese government bonds, stabilize the yen exchange rate, and enhance this currency's global standing.
The development of the JPY stablecoin is expected to create a new financial tool to support the domestic economy as well as international financial transactions.
What changes are happening in cryptocurrency tax reform in Japan?
More than 100 financial institutions in 55 countries have used Ripple Payments for cross-border remittances. SBI urges the Japanese government to view cryptocurrencies as investment assets and apply a lower tax rate than the current 55.95%.
Tax reform is receiving strong support from political groups, aiming to enhance feasibility, encourage stablecoin usage, and investment in Japan's cryptocurrency market.
“Reducing the income tax on cryptocurrencies to 20% will stimulate investment and increase the competitiveness of Japan's digital financial market.”
Tsutomu Sekine, Financial Expert, 2025
What changes might occur with cryptocurrency regulations in Japan?
The Japanese Financial Services Agency (FSA) is reviewing regulations to facilitate new products such as cryptocurrency ETFs and provide more stability for stablecoins. The FSA has proposed classifying cryptocurrencies as financial products for easier management and attracting investors.
These steps will help Japan expand the cryptocurrency market, while also promoting innovation in digital financial products and enhancing transparent regulations to protect investors.
Frequently Asked Questions
What is SBI Holdings doing to develop the cryptocurrency market in Japan?
SBI focuses on developing two ETFs with XRP, the RLUSD stablecoin, and USDC, while also promoting tax reform and relaxing remittance limits to encourage broader cryptocurrency usage.
What notable features does SBI's ETF have?
SBI's ETF combines traditional gold and cryptocurrencies like XRP and Bitcoin, creating a balance between asset safety and growth potential for investors.
What is the RLUSD stablecoin and when will it be released?
RLUSD is Ripple's USD-backed stablecoin, expected to be issued by SBI in fiscal year 2025, aimed at enhancing stablecoin applications in Japan.
How is the cryptocurrency tax policy in Japan changing?
Japan aims to reduce the cryptocurrency income tax from 55.95% to 20% to improve the investment environment and increase the attractiveness of digital assets.
What impact could the JPY stablecoin have on Japan's financial market?
The JPY-based stablecoin is expected to increase demand for government bonds, stabilize the exchange rate, and enhance the yen's position in the global market.
Source: https://tintucbitcoin.com/xrp-de-xuat-etf-dau-tien-nhat-ban/
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