SBI Holdings Launches First Blockchain-Based Bond with XRP Rewards
- SBI Holdings is issuing a blockchain-based bond worth ¥10 billion (approximately $64.5 million).
- The SBI START Bonds will have a three-year maturity and an indicative annual interest rate of between 1.85% and 2.45%, paid semiannually.
- Investors can earn rewards in XRP tokens, receiving ¥200 in XRP for every ¥100,000 invested if they hold an account with SBI VC Trade.
- Secondary trading of these bonds is set to begin on March 25 via the Osaka Digital Exchange’s “START” system.
- SBI Holdings has been a long-time supporter of XRP and holds approximately a 9% stake in Ripple Labs.
This issuance marks SBI’s entry into the blockchain bond market, blending traditional finance with crypto perks. The initiative reflects the growing trend of integrating blockchain technology into financial products to attract retail investors.
With an expected interest rate of up to 2.45%, the SBI START Bonds aim to appeal to individual investors while promoting adoption of XRP rewards through this innovative offering.
