SBI Holdings, a prominent Japanese securities firm and Ripple's close partner, plans to issue $65 million in blockchain bonds, offering a fixed interest rate between 1.85% and 2.45%, paid semi-annually. Bondholders will receive $1.29 in XRP for every $645 of bonds owned. The bonds, set to be issued in March and maturing in early 2029, are aimed at retail investors. Mizuho Bank will serve as the bond administrator. SBI's initiative highlights the growing interest in tokenized securities, with major firms like Mitsubishi UFJ Financial Group and Nomura also entering the market.