SBI Holdings is preparing a ¥10 billion on-chain bond, worth about $64.5 million, aimed at individual investors. The product combines a conventional debt instrument with crypto incentives, giving buyers regular interest payments and XRP rewards. According to the disclosed schedule, the bond will be priced on March 10, 2026 and officially launched on March 24, 2026.
This is being issued as a security token rather than through paper-based registration. SBI Holdings is using ibet for Fin, a platform developed by BOOSTRY, to record and manage the bond on blockchain infrastructure. That puts issuance, ownership records, and administration into a digital framework that is still uncommon in retail-focused bond offerings.
How the bond combines coupon income and XRP payouts
The return structure has two parts. First, investors receive a regular coupon with an expected annual rate of 1.85% to 2.45%, paid every six months. Second, they receive XRP rewards. The crypto bonus is not automatic for every buyer, though, because SBI has set specific eligibility conditions.
Investors must purchase at least ¥100,000 of the bond, roughly $650, and they must also hold an account with SBI VC Trade to qualify for the XRP distribution. At the start of the bond, buyers receive ¥200 worth of XRP for every ¥100,000 invested. The same amount of XRP is then distributed each time interest is paid, with that arrangement continuing through 2029.
Three-year term with trading available after launch
The bond has a three-year term, but SBI is not requiring investors to hold it until maturity. If holders want to exit early, the bond is scheduled to begin trading on the Osaka Digital Exchange from March 25, 2026.
That detail matters. Retail bond products often come with limited transfer options, while this structure gives investors a defined secondary-market route one day after launch. In practice, that makes the product look more like a tradable digital security than a locked subscription product.
Why XRP is built into the structure
SBI’s use of XRP is tied to its relationship with Ripple. The company holds about 9% of Ripple Labs, according to the source material. By attaching XRP rewards to a fixed-income product, SBI is placing a crypto asset directly into a traditional investment format that retail buyers already understand.
The design also means stronger demand could have implications for token sourcing. If subscriptions are large enough, SBI may need to purchase additional XRP on the open market to cover future distributions. Based on this offering alone, the company is bringing blockchain issuance, security tokens, and crypto rewards into one retail-facing financial product.