Connect with us

XRP

SBI Holdings continues to offer XRP to shareholders

Published

on

Source: Pixabay

The largest financial and banking institution in Japan, SBI Holdings has announced to offer its shareholders the option to receive XRP as a benefit for the second year in a row. According to the official announcement, shareholders with 100 or more shares will receive XRP worth 2,500 yen [equivalent to $22.92] to express gratitude for their support.

The announcement noted:

“We would like to thank our shareholders for their continued support and patronage, deepen their understanding of the Group’s business, and continue to hold our shares over the medium to long term. For this purpose, in addition to the shareholder benefits provided during the current interim period, we will also provide shareholder benefits at the end of the current period.”

The amount of XRP to be offered will be determined on 30 June and shareholders will have until May 31 to apply for this perk.

This program was kicked off by SBI last year and introduced its expansion plan that included a revised business law and enforcing the Fund Settlement Act. With the current announcement, it will be continuing to maintain the reputation of the digital asset XRP among its shareholders.

As Ripple and the SEC fight out the lawsuit regarding the status of XRP, SBI has been offering relentless support to the digital asset. SBI Holdings CEO, Yoshitaka Kitao already stated that as per the financial regulator XRP was not a security.

SBI had earlier announced that it will allow customers to lend XRP in return for interest, keeping the high momentum for the digital asset rolling. Meanwhile, SBI Holdings has been making strides to expand its reach in crypto with new joint ventures.

Where to Invest?

Subscribe to our newsletter

Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *