Japan's SBI to issue 10 billion yen onchain bond with XRP rewards for retail investors
Japan's SBI Holdings plans to issue a 10 billion yen on-chain bond, offering XRP rewards to retail investors. The bond will be available for subscription starting November 1, 2023, and aims to attract individual investors by providing a unique incentive in the form of cryptocurrency. SBI's initiative marks a significant step in integrating digital assets with traditional finance. The bond will be issued on the Ethereum blockchain, highlighting the growing intersection of blockchain technology and investment products. This move reflects Japan's progressive stance towards cryptocurrency and digital finance.
Read the full article: CoinDesk