XRP Lending Launches Tonight on SBI VC Trade
SBI VC Trade, the cryptocurrency arm of financial group SBI Holdings, begins a new recruitment round tonight for its Rent Coin (lending) service focused on XRP. The program will invite eligible users to lend XRP through the exchange’s native product, with initial slots allocated during this recruitment phase. SBI’s move follows broader market interest in regulated, custodial lending services as a familiar on-ramp for retail investors seeking yield.
Why it matters: bringing XRP lending onto a major Japanese exchange could expand on-chain liquidity and create additional borrowing capacity, which may affect borrowing rates and short-term market dynamics for XRP. For Japanese users, it provides a regulated, exchange-backed alternative to DeFi protocols and could help normalize custodial lending products in a jurisdiction known for strict oversight. Market observers will watch uptake and terms offered in this first round to gauge wider adoption.