Friday, May 7, 2021
Home Crypto News Market Financial Giant SBI Issues Japan’s First Digital Corporate Bonds With XRP Benefits

Financial Giant SBI Issues Japan’s First Digital Corporate Bonds With XRP Benefits

- Advertisement -

Financial giant SBI, Ripple’s largest partner in Japan, is offering its customers bonus payments in XRP if they participate in the firm’s tokenized corporate bonds offering, Japan’s first security token offering for general investors (STO).


According to the Twitter account of SBI Group CEO Yoshitaka Kitao:

 

Tweet Translation:

“Notice of Implementation of Security Token Offering (STO) for General Investors for the First Time in Japan-SBI SECURITIES Issued with XRP Benefits Investing in Digital Corporate Bonds.”

According to the SBI press release, the financial giant will soon offer XRP payments to customers who participate in the Bank new offer.

SBI Group, headquartered in Tokyo, intends to issue its tokenized corporate bonds on April 20. The company will provide a bonus in XRP to all investors who participated in the offer.  The number of XRP distributed will be equal to the number of digital securities purchased by each investor. The tokenized bonds will be issued on the Ibet platform.

Back in late 2019, Kitao said that the XRP dividend payment program will be launched before the end of the fiscal year, which ended on March 2020.

Last month, a division of the Japanese financial conglomerate SBI Crypto announced the opening of access to the services of the mining pool, which has been mining crypto assets since 2017, to all customers.

SBI is also in talks with foreign financial firms to create a joint venture focused on cryptocurrencies.

 

- Advertisement -
Ammara
Ammarahttps://thecryptobasic.com/
I am the editor-in-chief of The Crypto Basic. Love to get involved in cryptocurrencies. I am in crypto since 2014. I like the way blockchain is progression, being adopted by large firms and in most parts of our lives. We are early adopters and followers of blockchain, and time will surely come when our success factor will be blockchain.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Bitmain Placed An Order With TSMC to Produce 5nm Chips for Crypto Mining

As Bitcoin and Ethereum reach record high prices, miners can increase their spending on equipment, and companies developing ASICs for mining do not waste...

Cardano CEO: May Will Be A Big Month For Us As We Are Now Leading The PoS World

Last few months of Cardano included Updates, upgrades, improvements and implementations. Cardano seem to be pretty much sticking to their roadmap.

Ripple Recent Q1 2021 Reports Shows Increase In Demand For XRP

Ripple released its quarterly report that highlighted the growing demand for XRP in the first quarter of 2021. The company's total XRP sales reached...

NEM Gets Stronger AS NEM Ventures Announced Mentoring & Financial Support Program “Ignite”

NEM Ventures, the investment division of NEM (XEM), announced that it will start the mentoring & financial support program "Ignite". ...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly