CoinDesk·3 min read·medium
Bitcoin, XRP draw Japanese firms as weak yen drives treasury diversification
S
Shaurya Malwa
✦AI Summary
SBI Holdings' crypto division has reached 2 million accounts as Japanese firms increasingly adopt Bitcoin and XRP to diversify their corporate treasuries against a weakening yen. The growth is further supported by the integration of stablecoin services, including the listing of USDC and Ripple's RLUSD.
The crypto arm of financial group Tokyo-based SBI Holdings said use of its corporate service, SBIVC for Prime, has grown as the weak yen drives firms to spread reserves beyond cash, with added demand from companies that hand out bitcoin or XRP through shareholder-perk programs.
businesscryptoeconomy
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