Buy Bonds and Get XRP Back? Will a Major Japanese Financial Firm’s Bold Experiment Succeed?

▲ XRP (XRP), Japanese yen/AI-generated image ©

A major Japanese financial group has embarked on an unprecedented experiment that breaks down the boundaries between traditional finance and virtual assets. The world’s first on-chain security token bond that immediately rewards investors purchasing the bond with an equivalent value in XRP (XRP, Ripple) has been issued, drawing significant market attention.

According to investment media outlet FX Leaders on February 21 (local time), SBI Holdings officially announced yesterday the launch of an on-chain bond that provides holders with an equivalent amount of XRP.

The first series of security token (ST) bonds to be issued is worth $64.52 million. Designed specifically for retail investors in Japan, this product eliminates traditional securities settlement systems, with the entire process—from issuance and management to settlement—handled transparently on the blockchain.

To facilitate this, SBI Holdings digitally registered and tokenized the bond on-chain using the ibet for Fin platform developed by BOOSTRY. The bond will be traded through the proprietary START system of the Osaka Digital Exchange, with secondary market trading set to begin in earnest on March 25, 2026.

The most notable feature is the integrated XRP reward system. Once subscription and payment are confirmed, bondholders will immediately receive XRP tokens equal in value to their investment, successfully linking traditional fixed-income products with virtual asset investments.

However, to fully receive these rewards, eligible investors must hold an account with SBI VC Trade and complete all necessary procedures by May.

Disclaimer: This article is for investment reference only and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.