Breaking: Ripple Ally SBI Holdings Launches BTC, ETH, XRP Deposit Rewards

1 hour ago Updated 36 minutes ago

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Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Breaking: Ripple Ally SBI Holdings Launches BTC, ETH, XRP Deposit Rewards

Highlights

Ripple-backed SBI Holdings is moving to offering deposit rewards in BTC, ETH, XRP.
This service is set to launch later in 2026 around autumn.
Recently, SBI Holdings has expanded foothold in the crypto domain with also introducing Solana trading and custody services.

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Ripple partner SBI Holdings is introducing a new crypto rewards program via its SBI Shinsei Bank. It seeks to offer clients with Bitcoin, Ethereum, and XRP incentives.

Ripple Affiliate SBI To Offer BTC, ETH, XRP Yield On Deposits

The service is slated to be launched this fall, which is sometime between September and November in Japan. For this, customers will be provided with crypto-based vouchers in proportion to the fiat deposits’ interest. The rewards will be approximately 20% of the interest earned, according to local publisher Nikkei’s report.

The Ripple affiliate’s users will then be able to redeem the vouchers for Bitcoin, Ethereum, or XRP within a designated timeframe. The exchange rate will be determined by the market rates at the time of the conversion.

This move is indeed unusual for a traditional bank. Currently, only a few banks are available that give constant rewards with crypto deposits.

For this launch, SBI Holdings has already made all the arrangements for the exchange process related to the program. Moreover, the initiative aims to attract larger numbers of users to the company’s growing crypto footprint.

For further context, SBI has been in close relations with Ripple for years. The company has sponsored a number of projects involving XRP Ledger and XRP in Asia. Also, SBI is still one of the most notable financial partners of Ripple in Japan.

A Look At Other Recent Initiatives

SBI Holdings has also ventured into the Solana market recently. Through its SBI VC Trade subsidiary, it is now offering Solana trading, custody, and management services to institutional clients.

Moreover, the Japanese conglomerate has also partnered with AI startup Anthropic. With this, the group aims to implement Claude AI in its company-wide operations. Further, this move has gained traction as Anthropic recently filed for an IPO via confidential S-1 draft with the SEC.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.