XRP (CRYPTO: XRP) bulls are eyeing an $8 target as SBI Ripple Asia secured regulatory approval to issue prepaid payment tokens on the XRP Ledger, targeting Japan’s $200 billion prepaid market.
SBI’s Tokyo Approval
SBI Ripple Asia, the Tokyo joint venture between Ripple and Japanese banking giant SBI Holdings, became a registered third-party prepaid payment instrument issuer under Japan’s Payment Services Act on March 26. The platform went live in early April.
The platform turns prepaid balances into blockchain tokens issued on the XRP Ledger and backed by Japanese yen.
Meanwhile, Tobu Top Tours, a major travel arm of Tobu Railway, will issue tourism payment tokens that travelers can load and spend across hotels, transport, and attractions.
Japan’s prepaid payment instruments handle around 30 trillion yen, roughly $200 billion, in annual volume.
Goldman’s $154 Million Position
Goldman Sachs (NYSE:GS) disclosed a $153.8 million position in spot XRP ETFs through its Q4 2025 13F …