Financial Firm SBI Holdings to Offer XRP Cryptocurrency as Shareholders’ Benefit
Japan's crypto-friendly financial firm SBI Holdings will give shareholders the option to receive the XRP cryptocurrency as a benefit.
A subsidiary of SBI Holdings said it's launched a service allowing users to ‘lend’ bitcoin to the firm and earn an interest at the rate of 1% annually in return.
The Japanese financial group is also mulling other business lines around tokenized securities.
The SBI Holdings statement refers to a research article by Sadakazu Osaki of the Nomura Research Institute indicating that under Japanese law XRP is a "cryptocurrency asset" and not a security.
Already live on SBI's forex trading platform, the contracts for difference (CFDs) are available in bitcoin, ether and XRP flavors.
B2C2 wants to use its new partnership with SBI Holdings as a route to becoming a crypto prime broker.