On February 24, Japanese financial giant SBI Holdings announced that it will issue a 10 billion yen unsecured digital bond, “SBI START Bond,” on March 24. The bond will be open for retail investors in Japan, with a minimum investment threshold of just 10,000 yen. The issuance size is approximately $64.6 million, comparable to recent large-scale digital bond issuances in Japan, and is seen as an important step for Japan’s digital securities market targeting individual investors.
In product design, SBI introduced a crypto asset incentive mechanism, allowing investors to receive XRP token rewards. According to the plan, eligible domestic Japanese investors must register an account with SBI VC Trade to receive the rewards. The XRP reward program will be distributed in May 2026, while the bonds will pay partial interest in installments from 2027 to 2029. Industry experts believe this move will help expand digital asset account registrations and increase retail investors’ participation in blockchain financial products.
The bond is named after the START platform, which is affiliated with the Osaka Digital Exchange, similar to an alternative trading system, focusing on digital securities circulation. Although the platform’s trading volume is still in the early stages, SBI’s issuance will be the first digital bond product listed on this platform, serving as a demonstration. Notably, the bond will not be registered with Japan’s central securities depository JASDEC, and SBI Securities will act as the sole underwriter.
SBI has had a partnership with Ripple for over a decade and has been distributing some dividends in XRP since 2019. The combination of digital bonds with crypto asset rewards demonstrates that Japan’s digital bond issuance, blockchain asset incentive mechanisms, and retail-oriented tokenized financial products are accelerating their integration. As Japan’s regulatory framework matures, innovative structures combining digital bonds and crypto assets may set a new example for Asian capital markets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Yesterday, US spot XRP ETF saw net outflows of $661.2k, with the 21Shares product experiencing single-day outflows
As of April 10, the U.S. XRP spot ETF saw a total net outflow of $661.2k on April 9, mainly caused by the 21Shares XRP ETF. The product’s historical total net inflow is -$25.8450 million. Its current total net asset value is $955 million, and its historical cumulative net inflow totals $661.2k.
GateNews3m ago
Evernorth Amended SEC Filing Deepens XRP Role in Crypto Market Structure
Evernorth advances its SPAC merger with an amended SEC filing detailing XRP-based financing, refining how token contributions translate into equity within its planned public market debut.
Key Takeaways:
Evernorth advances SEC filing with XRP-based equity tied to 126,791,458 tokens from Ripple.
R
Coinpedia2h ago
XRP Whales Accumulate as Ripple Executives Head to Key XRPL Event in Japan
XRP has gained 5% from a support level of $1.28 due to increased whale accumulation, with large holders now buying over 11 million XRP daily. Ripple executives are attending a significant XRPL event in Japan, though broader market sentiment remains cautious amid geopolitical tensions.
CryptoNewsFlash4h ago
XRP Lawyer Warns CLARITY Act Could Lose Momentum if Summer Delays Persist
The CLARITY Act's chances of passing depend on timely legislative action, as summer distractions and midterm politics could hinder progress. Delays may complicate its path, especially if political dynamics shift post-election.
CryptoNewsFlash4h ago
XRP Eyes $1.60 as April History Shapes Market Expectations
Key Insights:
XRP historical April data shows sharp gains and losses, with 2021 marking a 180% surge while recent years reflect declining monthly performance trends.
Current price consolidation between $1.28 and $1.36 suggests reduced volatility, signaling a potential breakout as traders mon
CryptoNewsLand7h ago
XRP Struggles Below $1.35 as Bearish Signals Build
XRP is under significant selling pressure after repeated rejections at resistance around $1.35. Weak momentum indicators and rising short interest suggest increased downside risk, with critical support at $1.30-$1.28. A break below this level could lead to further declines.
CryptoNewsLand8h ago
