SBI Offers XRP as Gratuity For Obtaining Tokens in Its Upcoming STO
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SBI Offers XRP as Gratuity For Obtaining Tokens in Its Upcoming STO

April 19, 2021      Sahaj Sharma

SBI, which is a major Ripple partner in Japan, has recently offered gratuity payouts in XRP to its customers if they take part in the new STO of the company. The Chief of the SBI group, Yoshitaka Kitao, has recently shared a link to the press release of the firm regarding the new offering of the SBI partly related to XRP.

SBI to Acquire Tokens in Upcoming STO, Offers Bonus

SBI is a major Ripple partner in Japan. However, they have put up a situation that they will only be doing so if the customers will be taking part in the new security token offering of the company.

The SBI Group, headquarters of which are in Tokyo, are intended to conduct a security token offering of its digital corporate bonds on April 20.

In addition to this, the firm will be providing a bonus in XRP to its investors, the quantity of XRP given away will be equal to the number of digital securities bought by each investor. 

The security tokens for the offering are going to be launched on Ibet, a blockchain platform.

End-Year Bonuses in XRP

In a report shared earlier this year, it was revealed that the financial group has made an offer of giving end-year bonuses in XRP to the shareholders of the company.

Well, if you are having trouble understanding what it really means, try understanding it this way. 

Those shareholders who have 100 or more than 100 shares will be entitled to 2,500 yen worth of the native coin of Ripple, XRP which in US Dollars, is equal to $23.

However, in addition to this, it should also be known that the exact amount of XRP tokens being given away is going to be determined based on the price of XRP on June 30.

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#SBI #STO #Tokens #XRP
Sahaj Sharma
Sahaj Sharma

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.