SBI Holdings has launched a 10 billion yen tokenised bond that provides domestic investors with XRP exposure within Japan’s regulated financial framework.
The securities are issued and managed on the ibet for Fin platform developed by BoosTry, allowing the bonds to be recorded and administered onchain rather than through traditional settlement infrastructure.
Investors receive XRP around the time their subscription clears, with additional token distributions scheduled on interest payment dates through 2029.
Secondary trading is expected to begin on 25 March 2026 via a proprietary system operated by Osaka Digital Exchange, integrating the product into Japan’s licensed digital securities environment.
Reports indicate the bonds carry a modest coupon in the low single digits, combining fixed-income characteristics with crypto-based rewards tied to XRP distribution.
Eligibility is restricted to domestic residents who hold accounts with SBI VC Trade, and participants must complete procedural steps by a mid-May deadline to receive the XRP component.
While the roughly $64.5 million equivalent issuance is small relative to global crypto markets, analysts note the structure may influence local demand for XRP and signal growing institutional experimentation with regulated tokenised securities in Japan.
At the time of reporting, XRP price was $1.34.