TLDR

  • SBI Holdings is introducing a blockchain bond worth 10 billion yen (approx. $64.5 million) that offers XRP rewards to investors.
  • The SBI START Bonds provide a fixed annual interest rate between 1.85% and 2.45%, with settlement occurring entirely on-chain.
  • XRP ETFs attracted $45 million in new inflows, indicating consistent demand from investors.
  • The price of XRP increased by approximately 3% to $1.43–$1.44, maintaining its position above the critical $1.40 support level.
  • If the current momentum persists, price targets are set at $1.50 and $1.60.

On Saturday, XRP gained approximately 3% over a 24-hour period, reaching $1.43–$1.44, following reports that Japanese financial leader SBI Holdings is releasing a blockchain bond that pays out in XRP.

xrp price

Known as SBI START Bonds, this fixed-income product totals 10 billion yen (about $64.5 million) and targets individual retail investors within Japan.

These bonds feature an indicative annual interest rate ranging from 1.85% to 2.45%, with payments made semi-annually over a three-year duration.

All record-keeping and settlement operations are conducted on the “ibet for Fin” blockchain platform, created by the enterprise company BOOSTRY, bypassing traditional Japanese securities settlement systems.

XRP Rewards Explained

To qualify for XRP rewards, investors must purchase a minimum of 100,000 yen (approximately $650) in bonds and possess an account with SBI VC Trade.

The reward mechanism offers 200 yen worth of XRP for every 100,000 yen invested. These rewards are paid out at the time of issuance and subsequently on every interest payment date until 2029.

Trading on the secondary market is anticipated to commence on March 25 through the Osaka Digital Exchange’s START platform.

Since establishing a partnership in 2016, SBI has maintained strong ties with Ripple. Yoshitaka Kitao, the Chairman and CEO of SBI, has disclosed that the company holds approximately 9% of Ripple Labs.

Previously, SBI has facilitated XRP-based remittances between Japan and the Philippines and distributed XRP directly to its shareholders.

ETF Inflows Add To Momentum

Data from Sosovalue indicates that XRP spot ETFs saw net inflows of $45 million across seven funds during recent trading sessions. This occurred alongside Bitcoin spot ETFs, which recorded $88.04 million in net inflows, and Ethereum spot ETFs, which saw $17,200.

XRP Price Prediction As SBI Introduces Tokenized Bonds With Crypto Rewards
Source: SoSoValue

Technical analysis shows the Chaikin Money Flow indicator staying above the neutral line for multiple days, suggesting consistent capital inflows. Meanwhile, the RSI has settled in the mid-range, indicating balanced market momentum.

Critical support for XRP is located near $1.40, with more substantial support found around $1.35. Should buyers sustain their pressure, the upside targets are $1.50 and $1.60.

The wider cryptocurrency market increased by 0.84% during the day, bringing the total market capitalization to approximately $2.34 trillion. Bitcoin was trading close to $68,000, while Ethereum was around $1,970.

The primary catalysts for Saturday’s price movement were the $45 million in inflows into XRP ETFs and the introduction of the SBI bond.