SBI Holdings, a prominent Japanese financial group, has introduced on-chain bonds that reward investors with XRP, marking a pioneering move in blockchain-based finance. The JPY 10 billion ($64.5 million) bond issuance is designed for retail investors and operates entirely on blockchain infrastructure. Upon subscription, investors receive XRP equivalent to their bond purchase, with additional XRP rewards distributed on interest dates in March 2027, 2028, and 2029. The bonds are issued, managed, and settled on the blockchain via the "ibet for Fin" platform, with trading facilitated by the Osaka Digital Exchange. This initiative not only bridges traditional fixed-income products with digital assets but also promotes long-term participation in XRP. Analysts suggest that the offering could boost XRP demand and liquidity, potentially accelerating its adoption in Japan's financial markets.