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SBI Group nears 1 trillion yen in assets after acquiring crypto exchange Bitbank for 46.7 billion yen.

Market News
25 Jun 2026
UToday
View Source
Bullish
pluang ai news

SBI Group, a major Japanese financial firm partnered with Ripple, announced its acquisition of crypto exchange Bitbank for 46.7 billion yen ($300 million). This deal will push SBI's assets under management to over 1 trillion yen, making it one of Japan's largest financial companies by AUM. The acquisition also strengthens SBI's position in Japan's crypto market and coincides with its extended partnership with Ripple, enabling use of the RLUSD stablecoin in Japan. SBI plans to start buying shares from Bitbank's founder and other shareholders as early as August.

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