Abstract One of the key open questions in cosmology is the nature of sources that completed cosmological hydrogen reionization at z ∼ 5.2. High-z primeval galaxies have been long considered the main drivers of reionization, with a minor role played by high-z active galactic nuclei (AGN). However, in order to confirm this scenario, it is fundamental to measure the photoionization rate produced by active SMBHs close to the Epoch of Reionization. Given the pivotal role played by spectroscopically complete observations of high-z QSOs, in this paper we present the first results of the RUBICON (Reionizing the Universe with Bright Cosmological Nuclei) survey. It consists of a color-selected sample of bona fide z ∼ 5 QSO candidates from the Hyper Suprime-Cam Subaru Strategic Survey. Our QSO candidates have been validated both by photometric redshifts based on spectral energy distribution fitting and by spectroscopic redshifts, confirming that they lie at 4.5 < z _spec < 5.2. A relatively high space density of QSOs (Φ ∼ 1.4 × 10⁻⁸ c Mpc⁻³) is thus confirmed at z ∼ 5 and M ₁₄₅₀ ∼ −27, consistent with a pure density evolution of the AGN luminosity function from z = 4 to z = 5, with a mild density evolution rate of 0.25 dex. This indicates that AGN could play a nonnegligible role in cosmic reionization. The Rubicon of reionization has been crossed.