SBI Ripple Asia has completed the development of its XRP Ledger (XRPL) token issuance platform, securing regulatory approval under Japan's Payment Services Act. The platform allows businesses to issue and manage prepaid tokens across multiple merchants, integrating blockchain-based payments into existing financial systems without infrastructure overhauls. Effective March 26, 2026, SBI Ripple Asia is registered as a third-party prepaid payment instrument issuer, enabling legal issuance of prepaid tokens. The platform supports real-world applications such as digital gift cards, loyalty rewards, and multi-merchant payment networks, enhancing flexibility for users and merchants. It aligns with Japan's strict regulatory standards, ensuring secure asset management and compliance. Backed by SBI Holdings, the initiative reflects growing institutional interest in regulated digital asset infrastructure, positioning the XRP network within compliant financial systems and expanding its utility across various industries.