SBI Ripple Asia completes development of XRPL-based token issuance system

SBI Ripple Asia, a joint venture between Japanese financial giant SBI Holdings and Ripple (XRP), announced on April 7 that it has completed the development of a token issuance system based on the XRP Ledger (XRPL). According to SBI, the project's core objective is to build financial infrastructure that implements external prepaid payment instruments as tokens on a public chain, in compliance with the current Payment Services Act. The system allows for the issuance and management of tokens on the blockchain through API integration with applications and websites. The company also noted that the system completed its regulatory registration as a third-party prepaid payment instrument issuer on March 26, 2026.