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>>SBI Bank in Japan Increases Crypto Incentives for Depositors with Rewards for BTC, ETH, and XRP

SBI Bank in Japan Increases Crypto Incentives for Depositors with Rewards for BTC, ETH, and XRP

crypthub

6/10/2026, 9:21:49 AM

Crypto Rewards Program Launch

SBI Shinsei Bank, the banking arm of SBI Group, is planning to reward depositors with cryptocurrency vouchers. This initiative, scheduled for a three-month trial starting June 10, rewards funds based on deposit interest payments. Depositors can receive exchange vouchers equivalent to 20% of their interest, redeemable for assets like Bitcoin, Ethereum, or XRP. The program is designed to attract new customers to the group’s digital assets business.

Program Mechanics and Scope

The rewards apply to fixed-term deposits and savings accounts with maturities up to five years. For example, a 30 million yen deposit would earn approximately 20,000 yen in vouchers. To fully utilize the benefits, customers are required to open an SBI VC Trade account for the exchange. The bank plans to use this customer feedback to determine the final structure and permanent rollout of the service.

Group-Wide Crypto Expansion

SBI Group is rapidly expanding its presence across the crypto finance sector. Recent products include a retail USDC lending service and the introduction of the SBI Visa Crypto Card. This card converts spending rewards into major digital currencies like BTC and ETH. Furthermore, the group is developing crypto investment trusts and has launched JPYSC, a yen-backed stablecoin.

Strategic Market Moves and Future Plans

SBI is consolidating its position by pursuing a stake in Bitbank, a top regulated exchange. The company also plans to file for crypto-based ETFs on the Tokyo Stock Exchange. These planned ETFs include a combined Bitcoin and XRP fund, aiming for significant asset growth. These moves underscore SBI's commitment to expanding its footprint across both trading and investment services.