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BULLISH 📈 : SBI Holdings launches on-chain bonds with XRP rewards in Japan
SBI Holdings Launches On-Chain Bond with XRP Exposure
- SBI Holdings has introduced a ¥10 billion on-chain bond, offering direct exposure to XRP within Japan's regulated market.
- The bonds are tokenized on the ibet for Fin platform, managed by BoosTry, enabling blockchain-based registration and management.
- Investors receive XRP upon purchase clearance, with additional XRP rewards scheduled on interest dates until 2029.
- Trading will occur on Osaka Digital Exchange, with secondary market activity starting March 25, 2026.
- The bonds feature a modest yield range, combining fixed-income payouts with crypto rewards.
- Eligibility is restricted to domestic residents with an SBI VC Trade account, requiring completion of receipt steps by mid-May.
- This initiative may increase demand for XRP and could inspire other Japanese firms to explore similar digital asset products.
The product signifies a mainstream financial entity integrating digital assets into a regulated financial instrument, potentially influencing future market trends.