The RG535 features a basswood body bolted to a maple Wizard neck with a 24-fret maple or rosewood fingerboard with dot position markers. Components include a trio of Ibanez Super 8A single coil pickups mounted in a black pickguard and an Edge double locking tremolo bridge. It is one of the few RG models with an SSS pickup configuration.
The RG540 is a similar model with a humbucking pickup at the bridge. The RG550 is a related model with humbuckers at the neck and bridge.
The RG535 was available only in Japan and was produced only in 1989.