The SBI Holdings company made an announcement on Friday, Feb 20, regarding the issuance of its first blockchain-based corporate bond. The issuance is worth ¥10 billion. It is targeting retail investors in Japan and is named SBI START Bonds. There is also an XRP reward feature available for eligible bond subscribers.
The company confirmed that the security token bond would be completely on-chain. It would be running on the iBET for Fin blockchain platform. All operations would be executed digitally. This would replace traditional settlement options.
SBI Holdings Outlines START Bond Timeline
The bond is going to be listed on the Osaka Digital Exchange. It would be using the START system for secondary trading. It is expected that trading would commence on March 25, 2026. SBI Holdings says the digital format is designed to improve efficiency.
The issuance is worth ¥10 billion. Each bond is denominated at ¥10,000. The expected interest rate is between 1.85% and 2.45%. The final interest rate would be determined on March 10, 2026.
This bond will attract interest twice every year. The interest will be paid on the 24th of March and the 24th of September. The bond will have a maturity period of three years. It will mature on the 23rd of March, 2029.
The subscription period will start on the 11th of March and will close on the 23rd of March. Payments will be made on the 24th of March.
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One of the most important features of this bond is the XRP reward system. Investors who meet the requirements will be rewarded with XRP after the subscription. To qualify, investors must have an account with SBI VC Trade. The XRP reward will be equivalent to the amount they invested.
XRP Incentives Strengthen Japan’s Digital Securities Growth
Ripple also offers additional XRP rewards. This will be scheduled to be released on subsequent interest dates. The XRP rewards are scheduled to be released in March 2027, March 2028, and March 2029. The XRP rewards provide digital asset investment opportunities under a regulated bond structure.
According to SBI Holdings, this initiative aligns with their tokenization plans. The company continues to develop blockchain-based financial products.
SBI Holdings’ new bond contributes to the long list of digital securities available to Japanese investors. The initiative could also shape the path for further developments in this space.
Participation in this initiative is only available to Japanese investors. The new bond structure serves as a gateway to blockchain-based financial products.
The product also aims to link traditional yield products with XRP rewards. This launch is an example of how digital features are entering Japan’s fixed-income landscape.
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