SBI, a large Japanese financial services company and partner of Ripple, will conduct a new Security Token Offering (STO), which is expected to take place very soon. This upcoming STO opens up new opportunities for the company’s customers as they have the opportunity to earn bonuses in XRP, the native cryptocurrency of Ripple, the cross-border blockchain technology company based in San Francisco, USA.
SBI to give bonus payouts to customers in XRP
SBI Group’s Chief Executive Officer (CEO) Yoshitaka Kitao tweeted a link to the company’s official press release about the company’s new offering of security tokens.
O 初 と な 一般 投資 家 向 け セ ュ ュ テ ィ ト O
– @ 尾 吉 @ (@yoshitaka_kitao) April 19, 2021
According to the press release, the company is soon planning a security token offering that intends to provide bonus payouts to customers in XRP. STO is expected to be launched on April 20th. It is important to highlight that only those customers who participate in the company’s STO offer are eligible to receive bonus payouts in XRP. Investors must acquire or buy a certain amount of digital securities.
Each investor can receive XRP payouts based on the amount of digital securities purchased under the Security Token Offering program.
While the company revealed more details about its STO program, the blog post stated that the offering’s security tokens are expected to be rolled out on Ibet, a blockchain-based platform.
It’s not the first time the Japanese financial services giant has offered XRP bonuses. Rather at the beginning of the current year, SBI announced that it would be granting XRP year-end bonuses to the company’s shareholders. XRP worth $ 23 is awarded to those who own at least 100 shares in the company.