SBI Holdings has quietly launched a fresh on-chain bond designed to give ordinary investors direct exposure to XRP while keeping the product on the Japanese regulated market.

Reports Let’s say the issuance by a Japan-based financial group is 10 billion yen and is registered, issued and managed on a blockchain system rather than through the regular securities infrastructure.

SBI launches a fresh type of bond

Reports show that bonds – the so-called “SBI Startup Bonds” within a certain range — are tokenized on a platform called ibet for Fin, a system built by BoosTry to register and manage securities online.

Investors who purchase under the offer will receive XRP approximately at the time of purchase settlement. The company has also planned to pay additional XRP benefits with interest dates extending until 2029.

How trading will work

Trading of these security tokens will take place on a proprietary system operated by Osaka Digital Exchange, with secondary market activity commencing on March 25, 2026.

Reports indicate that bonds have a modest yield range, with some outlets quoting the indicative coupon range as low single-digit numbers – a feature that combines fixed-income payouts with cryptocurrency rewards.

The Japanese company SBI Holdings has launched a chain bond issue worth 10 billion yen ($64.5 million), which rewards investors $XRP. https://t.co/X9U0nW3sd2 pic.twitter.com/b7hwHJTiEG

— 𝗕𝗮𝗽𝗲XRP (@BankXRP) February 21, 2026

Who can receive XRP

The eligibility rules are strict. Reports indicate that holders must be domestic residents and must have an account with SBI VC Trade to be able to receive it XRP advantage; The procedural deadline for completing acceptance activities expires by mid-May.

In miniature, this is not an open, worldwide giveaway – the offer is aimed at onshore retail investors in Japan and is subject to local account requirements.

Market reaction and possible consequences

Based on reports and market commentary, the structure may augment demand for XRP as the issuer must provide the token for distribution and future payouts.

Some market watchers point out that while the initial sum – about $64.5 million at a rugged conversion – is circumscribed compared to the size of global cryptocurrency markets, the product has greater significance because of what it represents: a major financial group packaging digital assets into a regulated bond product. This could prompt other Japanese companies to consider similar moves.

Featured image from Trade Brains, chart from TradingView