Cryptocurrency analyst Jay Nisbett (Jay Nisbett) highlighted SBI Group's on-chain bonds issued in Japan. The bonds allow retail investors to receive an equivalent amount of XRP and bond interest within three years. He described this $65 million issuance as a potential "arbitrage trading relaxation" mechanism, enabling companies to leverage A-rated bond yields to mitigate the narrowing of Japanese yen interest rate spreads while gaining immediate XRP exposure. Nisbett believes this model can be expanded to institutional issuances, using arbitrage trading as a distribution channel to build deeper liquidity pools for XRP.
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Cryptocurrency analyst Jay Nisbett (Jay Nisbett) highlighted SBI Group's on-chain bonds issued in Japan. The bonds allow retail investors to receive an equivalent amount of XRP and bond interest within three years. He described this $65 million issuance as a potential "arbitrage trading relaxation" mechanism, enabling companies to leverage A-rated bond yields to mitigate the narrowing of Japanese yen interest rate spreads while gaining immediate XRP exposure. Nisbett believes this model can be expanded to institutional issuances, using arbitrage trading as a distribution channel to build deeper liquidity pools for XRP.