Japanese Companies Turn to Bitcoin and XRP as Weak Yen Drives Treasury Diversification

Japanese companies are turning to Bitcoin and XRP as a weak yen pushes them to diversify their corporate treasuries, according to SBI VC Trade, a leading cryptocurrency exchange in Japan. The company reported that the number of registered accounts has exceeded 2 million, up from 1 million in 2025. The CEO of SBI VC Trade stated that companies are seeking to diversify their reserves due to the weak yen, leading to an increase in demand for cryptocurrency-related services. Stablecoins have also been a key factor, with SBI VC Trade listing USDC in March 2025 and Ripple's dollar-backed RLUSD in June 2026. The company also offers lending against stablecoins. The market capitalization of stablecoins fell to $312 billion in June, the largest monthly drop since TerraUSD's collapse. Tokenized equity volumes surged to a record $3.86 billion. The CEO of SBI VC Trade noted that the increase in demand for cryptocurrency-related services is an important step for the growth of Japan's cryptocurrency market. The Japanese government has taken various measures to regulate the cryptocurrency market, which has supported the growth of the market. However, Japan's cryptocurrency market is still smaller than that of the US or South Korea. The growth of Japan's cryptocurrency market is closely tied to the increase in demand for cryptocurrency-related services from Japanese companies. The increase in demand for cryptocurrency-related services from Japanese companies is seen as an important step for the growth of Japan's cryptocurrency market.