SBI VC Trade: Japan firms boost BTC & XRP holdings as yen weakens
SBI VC Trade says Japan corporate demand for Bitcoin (BTC) and XRP is rising as ongoing yen weakness pushes firms to diversify treasury holdings. The exchange’s Japanese crypto arm of SBI Holdings links the shift to stronger institutional and business adoption.
Key update: registered accounts at VCTRADE and BITPOINT rose to over 2 million as of July 6, 2026, roughly doubling from 2025’s level of just over 1 million. The count covers users after SBI VC Trade’s April 2026 merger with BitPoint Japan, which it says strengthened its infrastructure.
Drivers for BTC and XRP: growth in its corporate platform “SBIVC for Prime” and increased use of BTC and XRP within shareholder benefit programs.
Stablecoin expansion: SBI VC Trade added USDC in March 2025, then introduced Ripple’s RLUSD and Japan’s trust-type yen stablecoin JPYSC in June 2026. It has also begun offering stablecoin-backed lending.
Trader angle: expanding access under Japan’s regulated licensing, plus stablecoin rails and treasury products, could support steadier spot demand for BTC and XRP over time. The near-term impact looks incremental, but sustained corporate allocation may improve bid-side durability.
Bullish
This news is mildly bullish for BTC and XRP because it points to a structured, recurring source of spot demand: Japan-based corporates using regulated exchange access and treasury-oriented services. The jump to 2M+ registered accounts (post-merger) suggests expanding on-ramp capacity, while SBIVC for Prime and shareholder benefit programs tie BTC/XRP holdings to ongoing corporate workflows rather than one-off retail flows.
Stablecoin rails add another supportive layer. By listing USDC and later JPYSC and RLUSD, SBI VC Trade potentially reduces friction for treasury conversion and settlement, which can translate into steadier bid-side liquidity for BTC and XRP.
However, the immediate price impact is likely limited because the report frames the effect as incremental. The more meaningful bullish case comes if corporate allocations and stablecoin-backed lending continue to grow, turning “incremental” adoption into sustained buying pressure over time.