SBI Holdings Launches $65 Million Blockchain Bonds with XRP Rewards

SBI Holdings, a leading securities firm in Japan, has announced plans to issue $65 million blockchain bonds that will pay interest and reward holders with XRP tokens. This move marks a significant step towards integrating traditional finance with cryptocurrency.

The bonds, which are scheduled to launch in March, will offer a fixed interest rate of between 1.85% and 2.45% per annum, paid semi-annually. Additionally, for every $645 invested in the bonds, holders will receive $1.29 worth of XRP tokens.

The use of blockchain technology will ensure transparency and speed in the issuance and trading process, making it easier for everyday investors to participate in the market. The success of this initiative is expected to pave the way for other financial institutions to follow suit, further driving the adoption of tokenized assets.