Japan’s SBI Holdings has launched 10 billion yen ($64.5 million) in digital bonds offering investors XRP token rewards. The three-year “SBI START Bonds,” managed entirely on-chain, offer interest between 1.85% and 2.45% and are aimed at retail investors. XRP rewards are offered to those who invest a minimum of approximately $650 and hold an account with SBI VC Trade, with trading set to begin on March 25.
Japan’s leading investment bank SBI Holdings has announced the launch of SBI START Bonds worth 10 billion yen ($64.5 million). The bonds offer a fixed interest rate and include XRP tokens as rewards for investors.
The securities will be entirely managed on-chain through the “ibet for Fin” platform developed by BOOSTRY. The financial giant collaborated with BOOSTRY, which builds enterprise-grade blockchain systems for security token issuance.
The three-year bonds offer an interest rate of 1.85% to 2.45% and will be paid semiannually. The move aims to attract retail investors into the bond market, including small and medium-scale residential companies.
As stated in its announcement, SBI Holdings offers XRP as rewards for those who invest a minimum of 100,000 yen (approximately $650). These investors also need to hold an account with the SBI VC Trade platform.
The XRP rewards will be paid based on the subscription amount, with interest payout continuing until 2029. The bond issuance is now open to the public through the Osaka Digital Exchange’s proprietary ‘START’ trading system.
The XRP reward structure is set at 200 yen in XRP per 100,000 yen invested. Trading for the bonds is scheduled to begin from March 25 onwards, allowing retail investors to receive the digital token.
