As the SBI Group continues to boost adoption for XRP, it has confirmed the date when it will launch its recently disclosed XRP rewards program for Japanese users.
Following a recent X post, SBI ARUHI, a subsidiary group of SBI Holdings, revealed that XRP payouts for the recently introduced shareholder reward program will begin on March 31.
Just recently, SBI Holdings announced it has expanded its XRP shareholder rewards program across SBI ARUHI, a publicly listed company under SBI Group that provides mortgaging services.
SBI ARUHI to begin XRP payouts to shareholders in Japan
While SBI ARUHI is widely recognized as Japan’s largest mortgage lender within the SBI Group, the move should encourage greater adoption for XRP in the country.
Nonetheless, the company has announced that it will begin distributing XRP rewards to eligible shareholders starting on March 31.
As previously disclosed, the reward program aims to provide XRP incentives to qualified investors who hold shares in the company.
While the rewards will not be offered to all investors, the company announced that only investors who own at least 100 shares of SBI ARUHI will qualify for the rewards.
Furthermore, eligible shareholders will receive XRP tokens worth between 500 and 1,000 Japanese yen, with the exact amount depending on the number of shares held and the length of the holding period.
However, the company noted that participants must open an account with SBI VC Trade, the crypto exchange arm of SBI Holdings, in order to receive and claim their XRP rewards.
