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SBI Ripple Asia Receives Japanese Regulatory Green Light for XRPL Token Platform

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

Key Highlights

  • Japanese regulators authorize SBI Ripple Asia’s XRPL Token Platform
  • Platform facilitates regulated token creation under Japanese financial legislation
  • Businesses gain blockchain access through streamlined API connectivity
  • System operates within Japan’s prepaid payment regulatory structure
  • Strategic focus includes real-world applications and international payment corridors

Following regulatory authorization from Japanese financial authorities, SBI Ripple Asia has officially introduced its XRPL Token Platform. This blockchain-based infrastructure enables organizations to issue digital tokens while maintaining full compliance with Japan’s financial regulatory framework. The development represents a significant milestone in merging distributed ledger technology with traditional payment ecosystems.

Blockchain Platform Debuts with Enterprise API Capabilities

SBI Ripple Asia has finalized its XRPL Token Platform utilizing the XRP Ledger as its foundational technology. This infrastructure provides organizations with capabilities to create and administer digital tokens through on-chain mechanisms. Enterprise clients can integrate blockchain functionality into their existing systems via application programming interfaces without disrupting end-user experiences.

The platform architecture facilitates smooth incorporation with established digital services and customer-facing applications. End users gain access to tokenized financial instruments while maintaining familiar interaction patterns. Proprietary wallet management technology embedded in the system delivers robust security protocols for digital asset custody.

Compliance with Japan’s Payment Services Act forms a core component of the XRPL Token Platform’s operational framework. Organizations can launch tokenized prepaid financial products within established regulatory boundaries. The infrastructure supports enterprise-grade scalability across diverse operational contexts.

Official Registration Unlocks Compliant Digital Payment Products

On March 26, 2026, SBI Ripple Asia obtained official registration as an authorized issuer of third-party prepaid payment instruments. This regulatory milestone empowers the XRPL Token Platform to launch compliant digital financial offerings. The company now operates as a legitimate bridge connecting blockchain innovation with supervised financial services.

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This official status reinforces the legal infrastructure supporting the XRPL Token Platform within Japan’s financial sector. The authorization permits issuance of prepaid payment products underpinned by blockchain tokens. Regulatory oversight mechanisms remain fully integrated throughout the operational framework.

Through this positioning, SBI Ripple Asia establishes itself within Japan’s regulated digital asset landscape. The platform supports expanded utilization of blockchain-powered payment solutions. This framework demonstrates increasing institutional commitment toward compliant tokenization strategies.

Strategic Roadmap Emphasizes Practical Implementation and Regional Payment Networks

SBI Ripple Asia intends to implement the XRPL Token Platform across geographically focused economic areas including tourism-intensive regions. The infrastructure will connect consumer transactions with digital reward mechanisms and payment processing systems. Novel approaches to customer loyalty initiatives and transaction-based incentives become feasible through this framework.

The platform aims to enhance operational scalability and reduce transaction costs throughout collaborative business networks. Strategic partnerships with regional businesses and municipal organizations form a central component of the expansion strategy. These alliances will accelerate implementation in tangible commercial settings.

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SBI Ripple Asia maintains active research initiatives focused on XRPL applications within Asian payment channels. Collaborative investigation with South Korea’s DSRV targets improvements in international money transfer systems. The XRPL Token Platform holds potential to optimize transaction speed and cost-effectiveness for Japan-South Korea payment flows.

 

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Crypto World

Iran turns Strait of Hormuz into $1-per-barrel Bitcoin tollbooth

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Iran strikes Gulf energy network as oil surges past $110

Iran will charge tankers $1 per barrel in bitcoin to cross the Strait of Hormuz during a two‑week US ceasefire, adding a crypto tax to the world’s key oil chokepoint.

Iran will force every oil tanker transiting the Strait of Hormuz during the new two-week ceasefire with the US to pay a $1-per-barrel toll in cryptocurrency, turning the world’s most sensitive oil chokepoint into a de facto bitcoin paywall. According to the Financial Times, Tehran will demand that shipping companies settle the fee in digital assets, primarily bitcoin, as it seeks hard-to-trace revenues while sanctions bite. Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, said the system is designed to slow traffic on Iran’s terms and tighten control over what moves through the corridor.

Under the scheme, tankers must first email Iranian authorities with detailed cargo manifests before entering the strait. Hosseini told the Financial Times that once the email is received and Tehran completes its assessment, “vessels are given a few seconds to pay in bitcoin, ensuring they can’t be traced or confiscated due to sanctions.” He added that “everything can pass through, but the procedure will take time for each vessel, and Iran is not in a rush,” underscoring that the stated aim is to prevent weapons shipments during the pause in fighting. With typical crude cargoes ranging from 500,000 to 2 million barrels, a single transit could mean crypto payments of $500,000 to $2,000,000 per voyage.

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Ceasefire, crypto and a global oil lifeline

The toll comes as Washington and Tehran test a fragile truce that hinges on a partial reopening of the Strait of Hormuz, which before the war carried roughly a fifth of the world’s seaborne oil. A senior Iranian official told Reuters that Iran could reopen the strait “limited, under Iran’s control” as early as Thursday or Friday, ahead of talks with US officials in Pakistan. Oil markets have already reacted: Brent futures slid about 13% to roughly $94.76 per barrel and US benchmark WTI dropped more than 15% to around $95.79 after President Donald Trump agreed to the two-week ceasefire, conditional on the “immediate and safe” reopening of the strait.

In Washington, Trump has floated turning the tolls themselves into a joint business model. “We’re thinking of doing it as a joint venture,” he told ABC News’s Jonathan Karl, calling it “a way of securing it — also securing it from lots of other people. It’s a beautiful thing.” That suggestion follows earlier musings that the US could impose its own tolling regime on ships using the strait, effectively monetizing a corridor where even a $1-per-barrel surcharge is a small fraction of crude trading in the mid-$90s but represents a new geopolitical tax on a market still reeling from weeks of war-driven price spikes.

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Standard Chartered Mulls Restructuring of Zodia Crypto Custodian: Report

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Standard Chartered Mulls Restructuring of Zodia Crypto Custodian: Report

Standard Chartered is reportedly weighing a restructuring of its majority-owned crypto custodian Zodia Custody, as large banks look to bring more digital asset infrastructure inside their core banking operations.

The United Kingdom-based lender plans to fold Zodia’s crypto custody business into a division inside its corporate and investment bank that already offers similar services, while keeping Zodia operating as a standalone Software-as-a-Service (SaaS) platform for digital asset custody, according to Bloomberg on Wednesday, citing people familiar with the matter. An announcement on the restructuring could reportedly come as soon as this month.

It is not yet clear whether Standard Chartered has opened negotiations with Zodia’s minority shareholders, which include Northern Trust, Emirates NBD, National Australia Bank and SBI Holdings.

Standard Chartered has rapidly expanded its own digital asset footprint, reportedly exploring the launch of a crypto prime brokerage platform through its venture arm, SC Ventures, and rolling out institutional crypto trading in summer 2025.

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Related: Standard Chartered says faster stablecoin turnover could curb demand

The bank was an early mover into digital assets, setting up Zodia in 2020 with Northern Trust, and the custodian has since raised external capital and grown across seven offices in Europe, Asia and the Middle East.

Zodia Custody Services. Source: Zodia Custody

Cointelegraph reached out to Standard Chartered and Zodia, but had not received a response by publication.

How other big banks are internalizing crypto custody

Standard Chartered’s reported rethink comes as other global banks take digital asset custody directly under regulated banking entities. In February, Morgan Stanley applied for a US de novo national trust bank charter, which would allow it to custody certain digital assets and execute purchases, sales, swaps, transfers and staking services for clients within a bank-regulated framework.

In October 2022, BNY Mellon launched a Digital Asset Custody platform in the US that lets selected clients hold and transfer Bitcoin (BTC) and Ether (ETH) alongside traditional assets on a single platform, positioning the bank as a core provider of both conventional and tokenized asset servicing.

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