SBI Shinsei Bank Launches Crypto Rewards on June 10, Offering 20% of Deposit Interest in BTC, ETH, XRP

According to Nikkei, SBI Shinsei Bank launched a cryptocurrency rewards program on June 10, allowing depositors to earn vouchers worth 20% of their deposit interest, redeemable for Bitcoin, Ethereum, and XRP through SBI VC Trade accounts.

The pilot program covers savings and fixed-term deposits ranging from three months to five years. Customers with approximately 300,000 yen in deposits can earn vouchers worth roughly 500 yen, while high-net-worth customers holding 30 million yen or more could receive vouchers valued at around 20,000 yen. The initiative aims to introduce mainstream banking customers to digital assets while expanding SBI's cryptocurrency exchange user base.