Search results for SBI Securities
Crypto
Japan digital securities to open to foreign investors as SBI, Daiwa eye 2027 trading
SBI Securities and Daiwa Securities are building a trading framework to allow overseas investors to invest in Japanese digital securities, with a possible launch as early as 2027. The initiative aims to expand a market largely limited to domestic residents. The firms have validated a direct trading base with Singapore with the fintech firm Boostry. They are also reviewing use of Circle’s dollar-backed stablecoin for settlement and considering a yen-based stablecoin later.
Crypto
SBI Shinsei Bank to launch cryptocurrency reward program
SBI Shinsei Bank, part of Japan\'s SBI Group, plans to launch a cryptocurrency rewards programme for deposit customers this autumn, The Block reported, citing Nikkei. Depositors will receive vouchers equal to 20 percent of interest payments, which can be exchanged for cryptocurrencies including bitcoin, ether and XRP. Customers must open an account with SBI VC Trade. The bank will run a three-month pilot from June 10.
Crypto
Japan seen as possible launch market for spot XRP ETF
A spot XRP exchange-traded fund could draw large inflows from pension funds and financial institutions and help expand the XRP market if it is approved in Japan, an analysis said. Observers cited Japan’s regulatory overhaul and distribution networks as factors that could support ETF demand and spur broader institutional interest in Asia. Japan’s cabinet has approved a bill to reclassify 105 cryptocurrencies as financial products, with implementation expected in fiscal 2027.
