SBI launches ¥10 billion on‑chain bond with XRP retail rewards
SBI launches ¥10 billion on‑chain bond with XRP retail rewards
SBI has put a ¥10 billion debt offering onto a distributed ledger, targeting individual and small corporate buyers with a three‑year tenor and semiannual coupon payments. The issuance uses BOOSTRY’s ibet for Fin infrastructure for tokenized securities settlement, while secondary trading will run on the Osaka Digital Exchange START system starting March 25. The coupon profile is set in an indicative band of 1.85%–2.45% annually, paid twice a year, and the minimum ticket to qualify for token bonuses is ¥100,000. Eligible subscribers will receive a recurring XRP credit equal to ¥200 per ¥100,000 invested, distributed at issuance and on each interest payment date through the bond’s life. Operationally, the on‑chain ledger will record ownership and permit faster reconciliation; custody, trading and reward distribution are routed through SBI’s affiliated crypto exchange ecosystem. This issuance explicitly links a regulated retail bond product to a branded digital asset incentive, building on SBI’s prior partnerships with payment and stablecoin providers. For market participants, the event creates a price signal for digital bond liquidity and a retail experiment in cross‑product customer acquisition. Regulators and compliance teams will be watching how token rewards intersect with securities rules and crypto promotion limits. Banks and brokerage channels face a redesign challenge: they must integrate on‑chain position feeds and token‑reward mechanics into legacy reporting and tax processes. In short, this deal blends traditional fixed income mechanics with blockchain settlement and token incentives, creating a live case study for retail digital asset adoption.
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