SBI Shinsei Bank plans crypto rewards for depositors

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SBI Shinsei Bank is set to offer Bitcoin, Ether and XRP rewards to its depositors. The move marks the bank's latest step into cryptocurrency products.

The Japanese bank, with assets of ¥1 trillion, announced plans to provide BTC, ETH and XRP rewards through vouchers for account holders. The initiative follows the bank's earlier launch of USDC lending and discussions with Bitbank. It also aligns with planned cryptocurrency funds as Japan broadens regulated access to digital assets. Officials have not specified a launch date for the rewards program. The bank aims to attract more customers by integrating crypto incentives into traditional deposit services.

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Illustration of SBI Group acquiring Coinhako crypto exchange with executives shaking hands amid blockchain and Asia skyline elements.
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SBI Group acquires majority stake in Coinhako

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Japan's SBI Group has acquired a majority stake in Singapore-based crypto exchange Coinhako. The deal, announced on Friday after regulatory approval, forms part of a broader strategy to build a cross-border digital asset network across Asia.

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