Bitcoin, XRP draw Japanese firms as weak yen drives treasury diversification
SBI Holdings' crypto division has reached 2 million accounts as Japanese firms increasingly adopt Bitcoin and XRP to diversify their corporate treasuries against a weakening yen. The growth is further supported by the integration of stablecoin services, including the listing of USDC and Ripple's RLUSD.
Why it matters
This trend highlights a growing institutional appetite for digital assets in Japan as a hedge against currency devaluation, signaling a shift in corporate treasury management strategies within a strictly regulated market.
The crypto arm of financial group 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 hand out bitcoin or XRP through shareholder-perk programs.
The article reports on corporate growth and market trends using factual data from company milestones and regulatory developments without emotive language or political framing.
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