{"id":32268,"date":"2020-11-24T13:03:12","date_gmt":"2020-11-24T11:03:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32268"},"modified":"2025-08-28T07:51:17","modified_gmt":"2025-08-28T04:51:17","slug":"sbi-holdings-subsidiary-launches-bitcoin-lending-service","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sbi-holdings-subsidiary-launches-bitcoin-lending-service\/","title":{"rendered":"SBI Holdings\u2019 subsidiary launches bitcoin-lending service"},"content":{"rendered":"<p>SBI VC Trade, a subsidiary of the Japanese financial conglomerate SBI Holdings, <a href=\"http:\/\/www.sbigroup.co.jp\/news\/pr\/2020\/1124_12216.html\" target=\"_blank\" rel=\"noopener noreferrer\">\u043e\u0431\u044a\u044f\u0432\u0438\u043b\u0430<\/a> the launch of a cryptocurrency-lending service.<!--more--><\/p>\n<p>The VC Trade Lending service will generate profits by lending to other users. The annual yield is 1% after tax.<\/p>\n<p>Loans for Bitcoin contracts are issued for 84 days. The minimum loan amount is 0.1 BTC ($1,840), maximum 5 BTC ($92,000).<\/p>\n<p>In the initial phase, the service will operate only with Bitcoin. Later SBI VC Trade will add Ethereum, XRP and other coins, and expand lending periods.<\/p>\n<p>In October, the fintech startup Ripple <a href=\"https:\/\/u1f987.com\/en\/news\/ripple-to-back-sbi-holdings-partnership-with-investment\">stated<\/a> plans to invest an undisclosed amount in SBI Holdings&#8217; subsidiary \u2014 operator of the MoneyTap payment app built on RippleNet.<\/p>\n<p>In the same month, another subsidiary of the Japanese conglomerate \u2013 SBI e-Sports <a href=\"https:\/\/u1f987.com\/en\/news\/sbi-holdings-to-launch-initial-offering-of-security-tokens\">announced<\/a> a tokenized-share offering.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SBI VC Trade, a subsidiary of the Japanese financial conglomerate SBI Holdings, announced the launch of a cryptocurrency-lending service.<\/p>\n","protected":false},"author":1,"featured_media":32269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,135,1097,1847],"class_list":["post-32268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-japan","tag-lending","tag-sbi-holdings"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32268"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32268\/revisions"}],"predecessor-version":[{"id":32270,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32268\/revisions\/32270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32269"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}