Japan’s SBI Shinsei Bank plans to launch a crypto rewards program for depositors in the fall, according to reports citing Nikkei. Under the proposed scheme, the bank would issue customers vouchers tied to their interest payments. The vouchers are described as being worth 20% of the deposit interest paid to the customer. The vouchers would be redeemable for cryptocurrencies, with the program linked to the SBI group’s crypto exchange platform, SBI VC Trade.
One report says customers could redeem the vouchers for specific digital assets, including Bitcoin and Ether, while another indicates XRP is also among the available options. The program is intended to connect traditional bank savings with crypto rewards, using vouchers rather than converting deposit funds directly. The reports describe the plan at a proposal level and do not specify additional terms such as eligibility requirements, limits on redemption, or exact launch dates beyond the expected fall timeframe.
