SBI Group offers its customers bonus payouts in XRP if they take part in the company’s new STO

SBI Group has announced a press release that it intends to conduct an STO (security token offering) of its digital corporate bonds on April 20. The company will be giving a bonus in XRP to investors.

The STO will be launched on the blockchain platform Ibet, led by BOOSTRY Co., Ltd. The quantity of XRP given away will be equal to the amount of digital securities purchased by each investor.

STO is in its essence similar to ICO but it also conforms to regulatory requirements. STO surfaced as a reaction to the lack of oversight when it came to ICO, to bring regulation to blockchain-based crowdfunding and offer more guarantees in the space of raising funds using tokens issued on a blockchain.

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