Japan SBI Group Issues Bonds via XRP: The 3 Year Carry Trade Pivot
The integration of XRP into bond frameworks signifies a major shift for SBI Group. Japan's SBI: A $65M XRP Bond. "Massive Adoption," or Just Another Carry Trade? - The Uncomfortable Truth Japan's SBI Group just unveiled a $65 million tokenized bond offering , tethered directly to XRP. On the surface, the crypto punditry is quick to label this 'absolutely massive' for XRP adoption, a clever 'carry trade easing' that leverages an A-credit rating to sidestep yen inflation. But as someone who has navigated these cycles for decades, I've learned to look past the surface-level narrative and ask: massive for whom, and for what genuine purpose? ⚖️ This isn't just about a bond; it's about the oldest trick in the book, repackaged with a crypto wrapper. We need to dissect whether this move is a true utility driver for XRP ...