SBI Shinsei Bank will let depositors convert up to 20% of their earned interest into Bitcoin (BTC), Ethereum (ETH), or XRP.
The trial starts June 10 and ranks among Japan’s boldest crypto banking experiments yet
The deposits stay in yen and keep their deposit insurance. Only the interest portion gains crypto exposure, and customers need a linked SBI VC Trade account to redeem the vouchers. How Japan’s Crypto Banking Pilot Works Based on the report, the bank converts each payout at the asset’s market price on the day interest is paid.
The base is small. Even SBI Shinsei’s headline Hyper Deposit pays about 0.42% a year, so a fifth of that interest buys only a token amount of crypto. The appeal is exposure, not returns for savers.