Japanese Conglomerate to Reward Depositors With BTC, ETH and XRP

1 week ago 6

Key Takeaways

Depositors receive crypto exchange vouchers worth 20% of their earned interest.
Vouchers are redeemable for Bitcoin, Ethereum, or XRP via SBI VC Trade.
Permanent rollout is planned for fall 2026 if the pilot succeeds.

Nikkei states that under the new service, SBI Shinsei Bank customers will continue receiving standard yen-denominated interest on their deposits. In addition, they will receive exchange vouchers equivalent to 20% of that interest, redeemable for Bitcoin (BTC), Ethereum (ETH), or XRP within a designated timeframe. The exchange rate applied will reflect live market prices at the time of redemption.

To claim the crypto rewards, customers must open an account with SBI VC Trade, the cryptocurrency exchange arm of SBI Group. Core deposits remain denominated in Japanese yen and retain standard national deposit insurance protections.