SBI Holdings launches on-chain bond that pays investors in XRP

Japanese financial giant SBI Holdings has launched an on-chain bond that pays investors in XRP, The Crypto Basic reported. The bond, issued and managed on a blockchain, is worth a total of 10 billion yen (approximately $64.5 million) and targets individual investors. Investors will receive XRP corresponding to their investment amount immediately after subscribing and can receive additional XRP rewards when interest is paid one to three years later.