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SBI Holdings Issues First Security Token Bond with XRP Rewards

SBI Holdings Issues First Security Token Bond with XRP Rewards

SBI Holdings introduces its first security token bond, 'SBISTART Bond', utilizing blockchain for issuance and offering XRP rewards to investors under specific conditions.

XRP

Summary

SBI Holdings launched its first security token bond, 'SBISTART Bond', issuing ¥10 billion ($64.5 million) and offering XRP as a bonus to investors meeting certain conditions. The bond is managed on BOOSTRY’s ibetforFin blockchain instead of traditional systems. Secondary trading is set to begin in March 2026.

Terms & Concepts
  • Security token bond: A digital bond issued on a blockchain platform, representing ownership and value like traditional bonds but with tokenized assets.
  • XRP: A digital asset created by Ripple, used for fast, low-cost cross-border payments.
  • BOOSTRY: A blockchain platform provider used for issuing and managing tokenized securities, particularly in the financial sector.