SBI launches JPY 10B on-chain security token bonds delivering XRP to investors

SBI Holdings launched Japan's first on-chain security token bonds totaling JPY 10 billion ($64.52 million) for retail investors, the company announced yesterday. The bonds are issued, managed and settled entirely on blockchain via BOOSTRY's "ibet for Fin" platform, where SBI digitally registers and tokenizes the instruments instead of using Japan's conventional securities settlement systems; investors will trade them on the START proprietary trading system operated by Osaka Digital Exchange, with secondary market trading scheduled to begin on March 25, 2026. Bondholders will receive XRP tokens equivalent to their subscription amount shortly after payment confirmation, and eligible investors must hold an SBI VC Trade account and complete required procedures by May 11; additional XRP rewards will be paid on interest payment dates in March 2027, March 2028 and March 2029.