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SBI VC Trade Co., Ltd. (SBI VCトレード株式会社) — Japan crypto-asset exchange operator overview

Confidence: Likely Updated 2026-05-21 Review by 2027-05-18 Sources 8 Machine-translated Original (JA)
#fintech#jp-crypto-exchange#vasp#stablecoin
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This entry sits under exchanges index. Read it against Jp Exchange Coincheck for peer / contrast context and FSA crypto-asset exchange registration system — number system / Local Finance Bureau jurisdiction / registration requirements for the broader system / regulatory boundary.

FSA registration number, Kanto Local Finance Bureau 第00011号 · JVCEA member #1011 · registration date 2017-12-01

1. Corporate / shareholders

  • Trade name: SBI VCトレード株式会社
  • English notation: SBI VC Trade Co., Ltd.
  • Established: 2017年5月26日
  • Head-office location: Izumi Garden Tower, Roppongi 1-6-1 , Minato-ku, Tokyo, postal code 106-6021
  • Capital: 13億5,000万円 (including capital reserves)
  • Shareholders: SBI Group 100% (parent company: SBI Holdings, Inc., listed on TSE Prime, securities code 8473)

2. License / registration status

The company is currently the only operator in Japan that simultaneously holds the 3types of licenses, holding crypto-asset exchange business, financial instruments business (crypto-asset derivatives), and electronic-payment-instruments business on its own.

BusinessRegistration numberNotes
Crypto-asset exchange businessDirector-General of the Kanto Local Finance Bureau 第00011号Registered 2017-12-01
Type 1 financial instruments business (crypto-asset derivatives)Director-General of the Kanto Local Finance Bureau (Kinsho) 第3247号OTC-derivatives capable
Electronic-payment-instruments businessDirector-General of the Kanto Local Finance Bureau 第00001号Registration completed 2025-03-04, for handling USDC
  • JVCEA membership type: Type 1 (member number 1011)
  • Associations joined: Japan Virtual and Crypto assets Exchange Association (JVCEA), Japan Cryptoasset Business Association (JCBA), Japan Digital Economy Federation, Japan Digital Decentralized Finance Association, JPCrypto-ISAC

Electronic-payment-instruments / USDC cross-link

In the FSA’s list of registered electronic-payment-instruments operators, SBI VC Trade is listed as a registered operator under the Director-General of the Kanto Local Finance Bureau 第00001号, with the handled electronic payment instrument being USDC. Accordingly, the company is not merely a crypto-asset exchange operator but is also a primary route for reading Japan’s electronic-payment-instruments / stablecoin implementation.

Related stablecoin routes: japan-ecisb-license, japan-stablecoin-regulatory-landscape, stablecoin-channel-japan-sbi-jpyc-ring, jpyc, progmat.

3. Currencies handled

As of 2026年5月, the spot-trading targets are about 40tokens. Main tokens: BTC · ETH · XRP · LTC · BCH · SOL · ADA · DOGE · DOT · LINK · XLM · AVAX · MATIC · SHIB · TON · SUI, etc. In addition, as electronic payment instruments (EP instruments), it handles USDC and JPY stability assets (ZPG · DAI).

Features:

  • USDC began general-public trading domestically on 2025年3月25日. Leveraging its electronic-payment-instruments-business registration (第00001号), it provides JPY⇔USDC spot exchange and a USDC lending service (launched 2026年3月18日, domestic-first).
  • Has staking-capable tokens (ETH · SOL, etc.).
  • A somewhat broader listing lineup than other domestic operators, including NIDT (Nippon Idol Token) · FLR (Flare) · XDC.

4. Scope of business

ServiceOverview
Spot dealerSpread trading against JPY
Spot exchange (order-book trading)Maker/Taker fee scheme, VCTRADE Web provided for PC
Leveraged trading (OTC derivatives)Up to 2 x (individuals), the ratio set by JVCEA (corporates)
Coin lendingCrypto-asset consumption loans for individuals and corporates
AccumulationFixed-amount automatic accumulation
StakingPoS tokens such as ETH
SBI Web3 WalletSelf-custody linkage
SBIVC for PrimeOTC-dedicated service for large-lot / corporate clients
USDC lendingDomestic-first (launched 2026-03-18), treated as miscellaneous income

Fiat-currency deposit channels: bank transfer · quick deposit (Pay-easy, etc.). Account-management fees, annual fees, yen deposit/withdrawal fees, and crypto-asset deposit/withdrawal fees are free.

5. Market share / trading volume

Public indicators:

  • Capital-adequacy ratio 354.0% (non-fixed own capital 76億9,800万円) ※ as of end of 2026年3月, company IR disclosure
  • Public figures for account count and monthly trading volume could not be confirmed (not disclosed)

Position: based on holding 3types of licenses · the migration of DMM Bitcoin customer assets (presumed on the scale of several hundred thousand accounts) · being a 100% subsidiary of the SBI Group, it is seen as ranking among the domestic majors 5–6 社, but the company’s own figures are not disclosed in public comparative rankings of trading volume or account count. The customer base is centered on individual retail, with a Prime service for large-lot / corporate clients also in place.

6. History / major incidents

PeriodItem
2017-05-26SBI VC Trade Co., Ltd. established
2017-12-01Crypto-asset exchange business registered with the Director-General of the Kanto Local Finance Bureau 第00011号
2020-10SBI Liquidity Market acquired all issued shares of TaoTao Inc. (formerly of the Z Holdings lineage) and brought it into the SBI Group
2021-09-01Announced the merger resolution of SBI VC Trade and TaoTao Inc. (surviving company: TaoTao, dissolving company: SBI VC Trade; subsequently continued as the current SBI VC Trade Co., Ltd. via a trade-name change)
2021-12-01TaoTao × SBI VC Trade merger took effect (scheduled date). Integrated under the brand name VCTRADE
2022Acquired Type 1 financial instruments business (Kinsho 第3247号) (crypto-asset-derivatives capable)
2024-05DMM Bitcoin suffered unauthorized outflow of about 482億円 equivalent of BTC (the company was unrelated but was later selected as the migration destination)
2024-12-02Concluded a basic agreement toward the migration of accounts / custodied assets with DMM Bitcoin
2025-03-04Completed registration as an electronic-payment-instruments operator with the Director-General of the Kanto Local Finance Bureau 第00001号 (domestic-first)
2025-03-08Completed migration of DMM Bitcoin’s accounts / custodied assets to SBI VC Trade (all customers)
2025-03-25Launched USDC general-public trading (the only domestic exchange where USDC can be bought/sold in JPY)
2026-01-30Announced the merger resolution of SBI VC Trade and BITPoint Japan Co., Ltd. (SBI VC Trade as the surviving company, effective date scheduled for 2026年4月1日)
2026-04-01BITPoint Japan absorption-merger took effect (both brands maintained in parallel for the time being)
2026-03-18Launched USDC lending service (domestic-first)
  • Strategic significance of the 3 -type license structure: consolidating crypto-asset exchange business (spot) · financial instruments business (derivatives) · electronic-payment-instruments business (stablecoins) into a single corporation is unique within Japan. In particular, the electronic-payment-instruments business (USDC handling) completed registration on 2025-03 , and is developing JPY-denominated spot exchange and lending of Circle’s USDC.
  • Synergy within the SBI Group: a structure that enables linkage with financial-instruments operators under the same group, such as SBI Securities (Kinsho 第44号, JVCEA #1041) · BI FXTRADE (Kinsho 第2635号, JVCEA #1026). SBI Holdings has an investment / partnership relationship with Ripple Labs (XRP-related).
  • BITPoint Japan merger (effective 2026-04 ) aims at concentrating management resources within the group in anticipation of strengthened crypto-asset regulation under the Financial Instruments and Exchange Act (per the official announcement). Even after the merger, the 2 brands VCTRADE and BITPOINT will be maintained for the time being.
  • Has set up a point of contact for MTGOX creditors, and is also involved in the asset return associated with the Mt. Gox liquidation (details within the scope of public information).
  • Representative Director and Chairman: Fuminori Ozaki (as of 2026年5月)
  • Representative Director and President: Tomohiko Kondo (as of 2026年5月)
  • Directors: Yoshitaka Kitao (Representative Director and CEO of SBI Holdings), Satoe Kusakabe, Kentaro Kuba, Hiroyuki Ogawa
  • Auditor: Katsumi Kitahara

Sources