New Milestone for Shiba Inu (SHIB) in Japan: Meme Coin Enters Elite List of Just 6 Approved Cryptocurrencies

Shiba Inu (SHIB) has officially been recognized as a major financial vehicle in one of Asia’s strictest markets. Local crypto company Laser Digital Japan — the digital arm of one of Japan’s largest investment holding company — has received regulatory approval and included SHIB in its exclusive list of six approved cryptocurrencies.

Japan’s Financial Services Agency (FSA) approved the registration of Laser Digital Japan on Aug. 21. For the local market, this marks a tectonic shift — the Japanese regulator had not issued a new crypto exchange license in four years. 

Clearing Tokyo’s strict compliance requirements is extremely difficult, making this precedent historic.

The biggest surprise lies in the new company’s listing lineup. The platform is entering the market with only six regulated cryptocurrencies. Alongside SHIB, this conservative list includes only the industry’s major heavyweights: Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin.

The popular meme coin’s inclusion became possible due to its presence on the Japan Virtual and Crypto Assets Exchange Association’s (JVCEA) “Green List” — a list of vetted tokens that local platforms are permitted to list through a simplified procedure.

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This institutional push capitalizes on the retail adoption of SHIB across Japan earlier this year. In April, e-commerce giant Rakuten opened token trading to its 44-million-user ecosystem and 5 million merchant locations, driving engagement through a massive June token giveaway campaign and physical items.

Concurrently, Japan’s top marketplace Mercari rolled out SHIB trading to its 24 million active users via its Mercoin unit, enabling sellers to swap profits from secondhand sales directly into the token — a campaign that opened 4 million crypto accounts and onboarded a massive wave of users, 85% of whom had zero prior digital asset experience.

What changes for Shiba Inu (SHIB)?

Shiba Inu’s official X account has already called this a new milestone for SHIB in Japan. This is no exaggeration, as the asset’s status itself is changing.

Unlike traditional retail crypto exchanges, Laser Digital Japan was created to serve institutional capital. At the initial stage, the company will provide wholesale liquidity to local crypto platforms before opening trading access to corporations and investment funds.

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As a result, Shiba Inu is finally shedding the label of “just a meme token” and becoming a fully regulated financial instrument in the country that is directly connected to the token’s very origins.