SBI Launches ¥10B Onchain Bond Offering XRP Rewards

SBI Holdings launches ¥10B onchain bond for retail investors, combining fixed yield, blockchain settlement, and XRP rewards in Japan’s markets.

SBI Holdings has unveiled a blockchain-based bond designed for retail investors. The combination of traditional fixed-income structure with digital asset incentives is a novel approach with an issuance of just $10 billion. In this regard, the launch is a significant step in the expansion of tokenized securities in Japan.

SBI START Bonds Move Retail Investing Onto Blockchain Rails

According to SBI Holdings, the name of this product is SBI START Bonds. The securities are issued and fully managed on chain to BOOSTSTRY’s ibet for Fin platform. Therefore, ownership records and transfers are made using blockchain-based settlement mechanisms.

Importantly, the bond includes fixed interest payments and XRP-based rewards. The indicative annual rate varies between 1.85 and 2.45%. However, the final coupon will be determined on 10th March 2026.

The bond has 3-years to maturity, on March 23rd, 2029. Interest payment will be made on March 24 and September 24 semi-annually. Meanwhile, secondary trading is set to start March 25, 2026.

Trading is expected to occur on Osaka Digital Exchange using the START system. Access continues to be restricted to domestic retail investors who qualify for it. Consequently, the international participation is not yet available in this program.

Investor purchases of at least 100,000 yen are eligible for XRP bonus incentives. Eligible participants must have their verified accounts with SBI VC Trade. First, subscribers receive the value of XRP equal to 200 yen for every 100,000 yen invested.

XRP Rewards Add Crypto Incentives to Traditional Bond Structure

Furthermore, additional XRP rewards will be distributed on future interest dates. Payments are scheduled for March 2027, 2028 and 2029. Therefore, long-term holders could enjoy accruing digital asset benefits.

SBI called the issuance as part of wider capital markets modernization. Additionally, blockchain management may enhance transparency, efficiency and reliability of settlements. Consequently, tokenized bonds continue to attract attention by financial institutions around the globe.

SBI Holdings has a history of supporting initiatives in the XRP and Ripple ecosystems. Chairman Yoshitaka Kitao has previously confirmed that SBI owns about 9% of Ripple Labs. Therefore, XRP-linked incentives align with SBI’s long-term digital asset strategy.

Japan continues to move forward with regulatory frameworks that are sympathetic to blockchain-based financial products. Meanwhile, retail-focused tokenized securities are still relatively rare throughout major economies. However, SBI’s initiative may prompt more domestic experimentation and adoption.

The bond structure retains familiar features that are appealing to the conservative investor. Additionally, XRP rewards provide exposure to digital assets without the need to trade. As a result, hybrid instruments are still changing the strategy of portfolio diversification worldwide.

SBI put an emphasis on transparency, compliance, and investor protection throughout the process of issuance. In addition, ownership and transfers can be accurately tracked on the blockchain. Therefore, operational risks associated with manual reconciliation may be reduced.

Secondary availability of trading may further add to liquidity for the investing investors. Meanwhile, Osaka Digital Exchange offers infrastructure for digital securities transactions. As a result, regulated marketplaces keep changing with the growth in demand for tokenized assets.

SBI said the program is aimed at long-term involvement and not speculation. Additionally, executives focused on ongoing investments in blockchain and digital finance infrastructure. Further updates are due as subscription timelines and allocations continue.

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