- SBI files to raise ¥10B through its first fully blockchain-issued security token bonds for retail investors.
- ST bonds will trade on Osaka Digital Exchange’s START PTS from March 25, 2026.
- Eligible domestic holders receive XRP rewards linked to subscription amount and interest dates.
SBI Holdings has filed an amended shelf registration statement with Japan’s Kanto Local Finance Bureau as it prepares to issue JPY 10 billion ($64.52 million) in unsecured security token (ST) bonds for individual investors.
The planned issuance, titled “SBI Holdings, Inc. 1st Series Unsecured Security Token (Digitally Registered Transfer System) Bonds with Inter-Bond Pari Passu Clause,” marks the company’s first bond offering in a fully tokenized format. The bonds, nicknamed “SBI START Bonds,” will be digitally registered and managed on blockchain infrastructure rather than through Japan’s conventional securities settlement system.
Blockchain-Based Issuance and Trading Structure
Instead of using the system operated by the Japan Securities Depository Center (JASDEC), SBI Holdings will issue and administer the bonds via the “ibet for Fin” blockchain platform developed by BOOSTRY Co., Ltd. All processes, including issuance, bond administration during the term, and redemption at maturity, will be completed electronically.
Secondary trading is scheduled to begin on March 25, 2026, through the proprietary trading system (PTS) “START,” operated by Osaka Digital Exchange Co., Ltd. The trading venue will be open to individual investors.
SBI SECURITIES Co., Ltd. is serving as the sole underwriter and lead manager, while Mizuho Bank, Ltd. will act as bond administrator and bond register administrator. A credit rating of A- from Rating and Investment Information, Inc. (R&I) is planned.
Related: SBI Holdings Moves to Acquire Coinhako in Strategic Asia Expansion
The bonds carry a total issue amount of JPY 10 billion, with a denomination of JPY 10,000 per bond. The indicative interest rate range is 1.85% to 2.45% per annum, with the final rate scheduled to be set on March 10, 2026.
The subscription period is expected to run from March 11 to March 23, 2026, with payment due on March 24, 2026. The bonds will mature on March 23, 2029, and will pay interest semiannually on March 24 and September 24.
XRP Distribution Linked to Bondholding
SBI Holdings stated that bondholders who are domestic residents, including individuals and corporations, will receive XRP in an amount equal to their subscription amount as a benefit. Eligibility requires confirmation of bond payment by the payment date and the completion of prescribed procedures, including opening an account with SBI VC Trade Co., Ltd., by 12:00 noon on May 11.
Additional XRP benefits are scheduled for holders of record on each interest payment date in March 2027, March 2028, and March 2029. SBI Holdings indicated that the financial impact of the issuance on its consolidated results is expected to be immaterial.
Related: Ripple’s Partner SBI Holdings and Saudi Aramco Collaborate: Report
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/sbi-launches-%C2%A510b-st-bonds-with-xrp-incentives-for-investors/
