SBI Group is strengthening its push for XRP adoption in Japan with the launch of a new banking product called SBI Hyper Deposit.
The service, which starts accepting applications on Sept. 23, 2025, and officially goes live the next day, combines everyday banking with crypto rewards by giving customers XRP when they open an account.
Details of the Hyper Deposit Service
According to a press release today, Hyper Deposit works as a yen deposit account that links directly with SBI Shinsei Bank and SBI Securities. Specifically, customers who hold accounts with both can use their deposit balance instantly as purchasing power within their securities account, without needing to transfer money manually.
Notably, when they sell securities, the proceeds flow back into the deposit balance automatically, making transactions more convenient and efficient.
In addition, the service also offers an option to set up automatic transfers. Customers can schedule a fixed amount from their regular deposit account to move into Hyper Deposit on a recurring basis.
On top of these features, the product pays an annual interest rate of 0.42% before tax, slightly above SBI Shinsei Bank’s current maximum of 0.40% for yen deposits.
To celebrate the launch, SBI confirmed that it will reward customers who open Hyper Deposit accounts with XRP credited to their exchange wallets. Crypto YouTuber and XRP community figure Eri called attention to this move in a recent post on X.
🚨"SBI Hyper Deposit" @sbigroup Shinsei Bank 🇯🇵will now promote $XRP in collaboration with @sbivc_official to credit actual XRP to participants' exchange accounts.
This ties traditional banking + crypto💯
Nice way to leverage SBI's @Ripple investment.
Go Go Go… pic.twitter.com/XUldnqGdJl— 🌸Crypto Eri ~ Carpe Diem (@sentosumosaba) September 18, 2025
Moreover, the bank also plans to offer lower mortgage interest rates as part of its promotional campaign. Its decision to tie these incentives to XRP confirms SBI’s persistent effort to connect traditional banking with crypto and promote the XRP ecosystem along the way.
SBI Group Continues to Promote XRP and Ripple
Interestingly, this new development builds on SBI’s long history with Ripple. The group first invested in Ripple in 2012 and still holds a 9% stake. Since then, it has played a major role in bringing Ripple’s technology to Japan’s financial sector and expanding real-world use cases for XRP.
The partnership took off in January 2016 when SBI and Ripple created SBI Ripple Asia, a joint venture for rolling out XRP-based remittances across Asia-Pacific.
In 2021, SBI Remit introduced Japan’s first international transfer service powered by XRP, using Ripple’s On-Demand Liquidity to cut costs and speed up transactions. A year later, it renewed the partnership.
SBI has since extended its collaboration into the digital asset space. Last year, its subsidiary SBI Digital Community teamed up with Ripple to drive adoption of the XRP Ledger in NFTs. Through the xrp.cafe marketplace, they issued NFTs and rewarded creators with XRP.
In January 2025, SBI Holdings Chairman Yoshitaka Kitao reaffirmed the group’s backing of Ripple by highlighting Ripple Payments’ global growth and its new U.S. money transmitter licenses.
Moreover, SBI Ripple Asia spotlighted Ripple’s acquisition of Hidden Road, a prime brokerage, in April. Last month, SBI signed a memorandum of understanding with Ripple and SBI VC Trade to bring RLUSD to Japan in early 2026. The rollout will take place on both XRPL and Ethereum, supporting regulated payments and tokenized assets.
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