- SBI START Bonds issues 10 billion yen in tokenized debt recorded on the iBet for Fin blockchain platform.
- Investors receive an annual yield of 1.85%–2.45% plus XRP rewards tied to subscription size.
- Secondary trading begins March 25 on Osaka Digital Exchange’s START system.
SBI START Bonds mark a new step in Japan’s tokenized securities market, combining fixed-income returns with XRP incentives. The 10 billion yen issuance targets retail investors and will be managed entirely on-chain through BOOSTRY’s ibet for Fin platform.
Tokenized Structure and Bond Terms
SBI START Bonds issued by SBI Holdings, one of Japan’s largest financial conglomerates is 10 billion yen, or $64.5 million.
The bonds are recorded and administered using BOOSTRY’s ibet for Fin blockchain infrastructure.
The securities have a three-year maturity period, offering investors an indicative annual yield ranging from 1.85% to 2.45%. Interest payments will be distributed twice per year during the term.
Moreover, the bonds will be available for secondary trading starting March 25. Trading will occur on the proprietary START system operated by Osaka Digital Exchange.
This structure integrates blockchain settlement with regulated market access.
XRP Rewards Integrated Into Fixed Returns
In addition, SBI START Bonds will introduce XRP-based incentives alongside traditional interest payments. Whereby, Eligible retail investors and resident companies must subscribe to at least 100,000 yen.
Participants must also maintain an account with SBI VC Trade. The reward rate is set at XRP equivalent to 200 yen per 100,000 yen invested.
Distribution will occur at bond issuance, and each scheduled interest payment is expected through 2029. This design will link digital asset exposure directly to bond participation.
Notably, SBI has maintained longstanding ties with Ripple since 2016. The partnership previously enabled XRP-powered remittance services between Japan and the Philippines.
Social media posts from affiliated accounts confirmed the essence of the reward structure ahead of the bond launch.
Broader Crypto Expansion and Regulatory Developments
The bond issuance reflects SBI’s continued expansion into digital assets and blockchain finance. The company has broadened its operations beyond brokerage and banking into stablecoins and tokenized infrastructure.
It has also partnered with Circle to introduce USDC in Japan. In addition, SBI signed a memorandum of understanding to support the distribution of RLUSD in Japan.
RLUSD is Ripples part of expanding stablecoin strategy. SBI Chairman Yoshitaka Kitao has confirmed that the firm holds approximately 9% of Ripple Labs.
Meanwhile, Ripple has continued expanding across regulated jurisdictions. The company recently secured approval from the UK financial regulator for an Electronic Money Institution license and crypto asset registration.
It also obtained preliminary authorization in Luxembourg to extend European payment services. In July 2025, Ripple applied for a national banking license with the Office of the U.S Comptroller of the Currency.
SBI START Bonds present a structured attempt to connect traditional fixed-income markets with blockchain-based incentives. By pairing predictable yields with XRP rewards, the issuance introduces tokenized exposure within a regulated framework.