SBI Deepens XRP Bet With Bond Incentives and Venture Studio Plan

Japanese conglomerate SBI Holdings plans a 10 billion yen security token bond that will reward investors with XRP, and has teamed up with the Asia Web3 Alliance Japan to foster business-to-business ecosystem growth. Together, these moves underline that XRP’s utility in the Japanese market relies heavily on subsidies from SBI’s traditional finance operations.

SBI revealed the 10 billion yen ($64.5 million) blockchain-based security token bond as a retail-facing product that offers XRP rewards. The three-year instrument, branded SBI START Bonds, officially prices on March 10 and issues on March 24, with an indicative annual interest rate between 1.85% and 2.45%.

“The SBI Group believes that the continued development of the ST bond market in Japan will contribute to the revitalization of the capital markets and, ultimately, to the sustainable growth of the real economy,” it stated. To receive the cryptocurrency payouts, distributed annually through 2029, domestic investors must open and verify an account with SBI VC Trade by May 11.

Japan

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