In a twist straight out of a Roald Dahl story, Japan’s SBI Holdings, Inc. has unveiled a blockchain-based security token bond that rewards investors in XRP-because who doesn’t want their savings to sing and dance?
The development, which has sparked excitement across the XRP community, marks another milestone in XRP’s growing adoption and integration with traditional finance. (Note: Traditional finance is now officially terrified.)
On Friday, Feb. 20, SBI Holdings released an official report so thrilling it could make a dragon blush. The company is issuing Security Token (ST) Bonds for individual investors, with the total value worth about $64.6 million. (Translation: This is the financial equivalent of a chocolate fountain.)
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According to the company, the bonds are digitally registered and managed on blockchain infrastructure, allowing for electronic issuance, administration, and redemption. (Think of it as a wizard’s wand for your money.)
Bondholders to receive XRP rewards
Per the announcement, the bond was designed in a way that allows eligible investors to receive XRP benefits tied to their subscription amounts. (Because who needs cash when you can have a cryptocurrency that’s basically a magic bean?)
While the payments will be strictly issued in XRP, they will be distributed following respective interest payment dates, including in 2027, 2028, and at final maturity in 2029. (A decade-long wait for your XRP riches-worth it!)
Furthermore, the bonds carry an indicative interest rate range of 1.85% to 2.45% per annum, with the final rate to be determined before issuance. Interest payments are set to occur twice annually, while the bonds have a three-year term, maturing in March 2029. (Because nothing says “financial stability” like a three-year commitment to a digital token.)
Nonetheless, the official statement revealed by the firm shows that the bonds are issued using the “ibet for Fin” blockchain platform developed by BOOSTRY Co., Ltd. (Because why trust a regular bank when you can trust a blockchain that’s basically a fairy tale?)
This move further establishes SBI’s relentless push into tokenized securities and on-chain financial products. (Or, as the kids say, “SBI is now the wizard behind the curtain.”)
While the bonds will be issued in Japan, the issuance will be handled through SBI Securities, with Mizuho Bank serving as bond administrator. (Because even banks need a little magic to feel relevant.)
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2026-02-21 19:30