Japanese financial giant SBI Holdings announced the issuance of 10 billion yen (approximately $64.5 million) worth of on-chain bonds to individual investors.
The company announced that as part of this issuance, investors will receive XRP in proportion to their subscription amounts, and additional XRP rewards will be given on interest payment dates.
These bonds are being issued under the name “SBI Holdings Series 1 Unsecured Security Token (ST) Bonds” and the alias “SBI START Bonds”. This issuance marks SBI Holdings’ first bond issuance in security token format. The company announced that it has submitted the shelf registration statement amendment to the Kanto Local Finance Bureau and that the process has been officially initiated.
ST bonds will be issued and managed through the blockchain-based “ibet for Fin” platform, instead of the traditional system run by the Depositary Receipt of Japan (JASDEC). Thanks to this infrastructure developed by BOOSTRY, the issuance, management, and redemption of the bonds throughout their maturity will be carried out entirely digitally and on-chain. Thus, the entire process will be completed electronically.
The bonds are scheduled to be traded on the “START” platform, a privately held trading system (PTS) operated by Osaka Digital Exchange, starting March 25, 2026. This market will be open to individual investors and aims to make digital securities more accessible to a wider audience in Japanese capital markets.
SBI Holdings stated that domestic individuals and institutions who purchase bonds and meet certain conditions will receive XRP equivalent to their investment amount. To be eligible for XRP rewards, investors must ensure that the bond value has been received by the company on the payment date and that they have completed the specified procedures by opening an account with SBI VC Trade, a registered crypto asset service provider. Additional XRP distributions will be made to bondholders on March 24, 2027, March 24, 2028, and the final interest payment date of March 23, 2029.
*This is not investment advice.
