SBI Shinsei links bank deposits to crypto rewards in Japan: Nikkei
SBI Shinsei Bank is reportedly set to launch a deposit-linked crypto rewards service. Customers would still earn normal yen interest, plus vouchers worth 20% of that interest, which can be redeemed for Bitcoin, Ether, or XRP through SBI VC Trade after opening an account there. The program is designed to turn bank deposits into a crypto on-ramp for mainstream savers. Before a permanent launch, SBI Shinsei plans a three-month campaign starting Wednesday for ordinary deposits and time deposits with terms from three months to five years. The move fits SBI Group’s wider push into digital assets, including a USDC lending product, potential expansion through exchange acquisitions, and planned crypto-focused funds and ETFs via its securities arm.
