Japan’s SBI Enables Crypto Conversion for Card Points
- SBI enables card points for crypto conversion.
- APLUS points convert to BTC, ETH, XRP.
- Marks regulatory progress in Japan.

Japan’s regulated environment sees growth as SBI’s platform facilitates credit card points converting into cryptocurrency, reflecting increasing regulatory acceptance and providing users first-time access to crypto.
Regulatory Developments
The SBI Group‘s subsidiary, SBI VC Trade, now allows APLUS credit card users to convert points into Bitcoin, Ethereum, and XRP. The move reflects the group’s strategic focus on digital currencies and their regulated integration within Japan’s financial system.
APLUS cardholders can redeem their points at a minimal conversion rate into cryptocurrency. While the amounts are modest, the availability of BTC, ETH, and XRP through a points program suggests broader acceptance of crypto in consumer finance.
Japanese consumers see increased exposure to digital assets through SBI’s integration, suggesting enhanced regulatory adaptability. Market impact remains limited, as loyalty points convert to crypto rather than fiat, and large trades are unlikely.
“SBI has often shown leadership in regulated crypto adoption in Asia, and this move further opens access for everyday card users—though on a relatively small scale for now.” — Yoshitaka Kitao, CEO, SBI Holdings
In a global context, this conversion system remains distinct. Current financial, political, and social trends emphasize Japan’s unique approach within its digital asset regulatory landscape, underscoring the country’s cautious yet progressive adoption of cryptocurrency.
Bringing credit card points into crypto reflects a wider institutional trend. Rooted in Japan’s strict regulations, this step may influence global fintechs experimenting with crypto rewards. Future regulatory adjustments could affect SBI’s and other financial entities’ operations.
Prospective outcomes include potential regulatory changes and technological innovations influencing market liquidity. Historical data shows Japan’s steady evolution in embracing digital currencies, hinting towards a future of broader implementations in banking sectors.