SBI Issues ₱3.75 billion ($64.6 million) Bonds With XRP Payouts Through 2029

Japanese financial giant SBI Holdings launched ₱3.75 billion ($64.6 million) in blockchain-based bonds that pay rewards in XRP instead of traditional cash.

The three-year bonds carry indicative interest rates between 1.85% and 2.45% per annum, with the final rate set before issuance. Interest payments arrive twice annually through 2027, 2028, and final maturity in March 2029. SBI Securities handles the bond issuance while Mizuho Bank serves as administrator.

SBI Holdings said the bonds allow eligible investors to receive XRP benefits tied to their subscription amounts. The company registers and manages everything digitally on blockchain infrastructure built by BOOSTRY Co., Ltd., which developed the "ibet for Fin" platform handling issuance, administration, and redemption.

The move extends SBI's decade-long XRP integration strategy across its financial empire. SBI partnered with Ripple in 2017 for cross-border transactions, then launched MoneyTap in 2018 for domestic payments using XRP technology. By 2021, SBI Remit adopted XRP as a bridge currency between fiat currencies in Japan, marking the first such deployment in the country.

SBI's XRP commitment runs deep through its shareholder programs. The company began distributing XRP to eligible shareholders in March 2020, completing six rounds at a weighted average acquisition price of JPY 58.8 per XRP. SBI Remit's Japan-to-Philippines corridor uses XRP as a bridge for instant peso conversions within seconds.

SBI Holdings Chairman Yoshitaka Kitao confirmed in 2026 that banks will adopt XRP for international payments, backed by the company's 9% stake in Ripple valued at over ₱580.76 billion ($10 billion).