On March 4, 2025 SBI VC Trade becomes the first company in Japan to win official approval to offer stablecoin services. The financial subsidiary SBI Group plans to start handling USD Coin (USDC) transactions from March 12th through its business operations.
As the first Japanese company to secure the “electronic payment instrument business operator” license, SBI VC Trade obtained permission to operate from the Kanto Regional Financial Bureau under ID number 00001. With this new legal approval, Japan progresses its digital asset market standards, while SBI VC Trade now operates stablecoin transactions legally.
SBI VC Trade to Offer USDC Transactions
Through their new license SBI VC Trade will provide Japanese clients a way to make transactions with USDC, which functions as a stablecoin linked to the U.S. dollar since it was issued by Circle. The service will start as a testing phase which SBI Group will offer to pick customers first. After product testing concludes, the firm plans to provide these services to all members of the public.
SBI VC Trade will offer its platform to everyone including all customers to purchase and sell USDC as well as make digital currency transactions including deposits and withdrawals. The firm needs to hold an equal amount of U.S. dollars as transaction backing to support the stablecoin operations.
SBI Group entity Shinsei Trust Bank will supervise the trust security function under SBI VC Trade. The release of beta will present USDC symbol to platform users, according to Mr. Kondo. Through its stablecoin service SBI VC Trade will allow users to trade USDC tokens with both Bitcoin and Ethereum. The platform will enable investors to trade an increased amount of funds through USDC in the upcoming periods.
Our team will examine all the business processes first. According to Kondo our full integration into the platform depends on effectively testing the system first.
SBI VC Trade stands apart from other cryptocurrency exchanges in Japan due to its approval process. After receiving its new electronic payment instruments trading business license the company now runs all three official Japan crypto licenses including a cryptocurrency exchange business license plus a financial instruments business type 1 license.
Japan is adding new rules to manage stablecoins under safe operational standards. In February 2024 the Financial Services Agency of Japan approved changes permitting stablecoins to use both immediate deposits plus short-term government bonds and fixed-time deposits for support. The modification suggested limiting stablecoin collateralization to 50% when using bonds or deposits as reserve assets.
Through these reforms, Japan wants to become a top stablecoin country while keeping financial markets solid and user protection secure. SBI VC Trade’s new approval demonstrates how Japanese authorities might accept stablecoins more extensively across the national cryptocurrency sector. People in our industry will observe how SBI VC Trade’s stablecoin project transforms the digital currency market of Japan.
