Quick overview

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SBI Holdings has introduced on-chain bonds that give holders an equivalent amount of XRP. The initiative, which SBI describes as the first-ever on-chain Security Token (ST) bond issuance, was announced yesterday.

 

Through the offering, Japanese individual investors can buy blockchain-based bonds that, upon subscription, automatically release an equivalent amount of XRP.

Investors can access the asset through a regulated bond framework that successfully connects traditional fixed-income products with XRP exposure.

SBI Holdings announced plans to issue its first Series ST Bonds worth JPY 10 billion ($64.52 million). Instead of using Japan’s traditional securities settlement systems, the company will issue, manage, and settle the bonds entirely on the blockchain. The bonds were created especially for retail investors.

SBI uses the “ibet for Fin” platform created by BOOSTRY to digitally register and tokenize the bonds on-chain rather than depending on conventional registration techniques.

Bonds will be traded by investors on the Osaka Digital Exchange’s proprietary START trading system in the interim, and secondary market trading is set to start on March 25, 2026.

Interestingly, the issuance has an integrated XRP reward system. Soon after payment confirmation, bondholders will receive XRP tokens equal to the subscription amount. Eligible investors must, however, have an account with SBI VC Trade and finish the necessary steps by May.