Japan’s leading investment bank SBI Holdings announced the launch of SBI START Bonds worth 10 billion yen ($64.5 million), offering a fixed interest rate to investors, including XRP tokens as rewards. 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 is to attract retail investors into the bond market, including small and medium-scale residential companies. SBI Holdings offers XRP as rewards for those who invest a minimum of 100,000 yen (approximately $650). They also need to hold an account with the SBI VC Trade.
The XRP rewards from SBI Holdings will be paid based on the subscription amount, with interest payout till 2029. The bond issuance is now open to the public through the Osaka Digital Exchange’s proprietary ‘START’ trading system. The development puts Ripple’s native token XRP in the spotlight as it now comes with additional use cases.
Also Read: XRP Price Looks Boring Now: That’s Exactly the Point
SBI Holdings XRP Payout Structure Through the Bonds
The XRP reward structure from SBI Holdings is set at 200 yen in XRP per 100,000 yen invested. The trading is scheduled to begin from March 25 onwards, allowing retail investors receive the digital token. The reward structure comes at a time when the leading altcoin is on the backfoot. Investing in bonds and receiving the digital asset as a reward is a win-win situation for traders.
The Ripple’s altcoin could be in a better position by 2029, making retailers gain more from their bond investments. This is the first time that SBI Holdings is pushing XRP as a reward for traders. The demand for the altcoin could increase over time if XRP begins to scale up in the charts.
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