|

Japan’s SBI Group incentivizes shareholding with XRP tokens

  • Shareholders with 100 or more units of the firms’ shares will receive 30 XRP.
  • The reward will be processed irrespective of the shareholders’ number of shares.

The financial behemoth in Japan SBI Group is launching a program that will see its shareholders rewarded with XRP tokens. All the shareholders owning 100 or more units of the firm’s shares are eligible to get 30 XRP tokens. The reward will be processed irrespective of the holders' exact number so shares. Moreover, the announcement stated shareholders with a certain number of holdings in SBI prior to September 30 will receive the incentive.

The only requirement is for the shareholders to open a free account the “conglomerate’s virtual currency exchange SBI VC until March 31, 2020.” SBI will automatically process the transfer of the tokens into the registered accounts.

An official company statement said:

“We decided to increase the interim dividend, and at the same time, decided to present the virtual currency XRP as an intermediary shareholder benefit program.”

Detailed communication will be sent to the shareholder via email to ensure that the program is well understood.

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Editor's Picks

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

Bitcoin falls to two-week low as ETF outflows, tariff chaos weigh

Bitcoin price extends losses on Tuesday, ending a two-week consolidation phase. Risk-on sentiment fades amid growing uncertainty over Trump’s tariffs and rising US-Iran tensions, increasing downside risks toward $60,000.

Sui Price Forecast: SUI capitulates under pressure, opens the door to $0.70

Sui (SUI) declines by 3% at press time on Tuesday, extending the downside breakout of a short-consolidation range confirmed the previous day. Retail sentiment is bearish, as evidenced by increased long liquidations and a sharp drop in the funding rate. 

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.