SBI VC Trade Tops 2 Million Accounts as Japanese Companies Expand XRP Use

Japanese corporates are increasingly adopting XRP as a treasury tool and as a vehicle for shareholder and employee rewards, according to disclosures from SBI VC Trade. The SBI Holdings-owned exchange surpassed 2 million registered accounts on July 6, and said part of that growth reflects companies purchasing XRP and Bitcoin to fund bonuses and dividends. With the yen historically weak, more firms are diversifying reserve assets. SBI said it is capturing that demand via its premium "SBIVC for Prime" corporate offering. The company also claims the largest selection of staking-eligible coins in Japan, positioning staking yield as an added draw for institutional clients. In a separate boost for the XRP ecosystem, AI-driven banking and cross-border payments platform Nuvion announced on July 6 that it has integrated Ripple USD (RLUSD). Nuvion said RLUSD will enable faster cross-border settlement, multi-market liquidity management and embedded blockchain payments for enterprise and fintech customers through a single API. Its managing director described the integration as building infrastructure for real-time, programmable, global money movement. Because RLUSD settles on the XRP Ledger, increased usage expands the network's transactional footprint even though RLUSD is the headline asset. On-chain data cited by XRP custody firm Evernorth shows RLUSD supply on the XRP Ledger near an all-time high of about $800 million, up from roughly $20 million at the end of 2024. The XRP Ledger is now the largest custody network for RLUSD, holding about 51% of total supply, up sharply from around 17% in April. The growth is closely watched by XRP holders because fees for transfers, swaps and trades on the ledger are paid in XRP and settle through the native asset. In effect, higher stablecoin turnover can translate into structural demand for XRP as the settlement layer. The Nuvion integration follows Ripple's recent regulatory breakthrough in Europe. Ripple secured full authorization under the European Union's Markets in Crypto-Assets (MiCA) framework, obtaining a crypto-asset service provider license in Luxembourg that enables regulated operations across the 30 countries of the European Economic Area. The approval strengthens the compliance case for both XRP and RLUSD as institutions seek regulated alternatives to established stablecoins. SBI's account milestone also reflects consolidation in Japan's exchange market. SBI said the 2 million mark was supported by combining user bases from the VCTRADE and BITPOINT platforms after it acquired BITPoint Japan in April. The group is also positioning for Japan's emerging stablecoin market: last month it launched the country's first regulated trading of Ripple's dollar-pegged RLUSD alongside the yen-backed JPYSC trust token. Activity on the XRP Ledger has risen alongside RLUSD growth. Monthly RLUSD transactions increased from about 54,000 in December 2024 to between 600,000 and 1.1 million in 2026, lifting RLUSD's share of network transactions from under 1% to roughly 12%. Evernorth noted that much of the flow is increasingly routed through the ledger's native automated market maker, which pools liquidity for token swaps without a traditional order book. XRP has traded near $1 amid a broader market pullback, with proponents pointing to expanding RLUSD adoption and regulatory progress as support for fundamentals. COINOTAG's proprietary 42-indicator composite S/R scoring engine flags $1.2174 as the key resistance level, rated 92/100, citing a convergence of the volume Point of Control, the 0.382 Fibonacci retracement and Ichimoku Senkou B. Closer in, $1.1261 is rated 73/100 (Ichimoku Senkou A, pivot point), while support is identified at $1.0703 (71/100; ATR lower band, high-volume node). Derivatives positioning appears heavily long. A 3.24 long/short account ratio and a slightly positive 0.0008% funding rate, alongside $675 million in open interest, suggest crowded exposure. With RSI at 47.87, a bullish MACD signal and a Fear reading of 27/100, a decisive move back above $1.2174 would improve the upside case, while a break below $1.0703 would undermine the bullish thesis.