SBI Holdings Issues a 10‑Billion‑Yen Blockchain Bond With XRP Incentives

crypthub

about 8 hours ago

Tokenized Bond Launch

SBI Holdings is issuing 10 billion yen (≈US$64.5 million) of tokenized bonds on the “ibet for Fin” platform by Boostry. The three‑year securities offer an indicative annual yield of 1.85 %–2.45 %, with interest paid semi‑annually. All issuance and ownership records are stored on‑chain, and secondary trading will start on the Osaka Digital Exchange’s START system.

XRP Reward Structure

Eligible retail and corporate investors holding at least 100,000 yen in an SBI VC Trade account receive XRP rewards equivalent to about 200 yen per 100,000 yen invested. Rewards are paid at issuance and alongside each interest payment through 2029. This hybrid model pairs traditional fixed‑income returns with crypto incentives.

Strategic Crypto Integration

The bond reflects SBI’s broader push to blend crypto assets with conventional finance, building on its 2016 partnership with Ripple and a roughly 9 % stake in Ripple Labs. SBI has also introduced USDC and agreed to distribute Ripple’s RLUSD stablecoin in Japan. Ripple’s simultaneous regulatory advances in the UK, Luxembourg, the US, and the Middle East support SBI’s tokenization efforts.