SBI為其25,000億盧比的QIP刊物選擇了主要編曲者，投資銀行即使以代幣費為代表，也強調了與交易相關的聲望。

SBI's QIP Issue: A Token of Prestige for Lead Arrangers

SBI的QIP問題：首席編曲者的聲望

State Bank of India (SBI) is making waves in the financial world with its ₹25,000-crore qualified institutional placement (QIP) issue. What's even more intriguing is the selection process for the lead arrangers. Let's dive into the details of this high-profile deal.

印度國家銀行（SBI）以其25,000億盧比的合格機構安置（QIP）發行，在金融界轟動。更引人入勝的是首席編曲者的選擇過程。讓我們研究這項備受矚目的交易的細節。

The Chosen Few: Lead Arrangers for SBI's QIP

選擇的很少：SBI QIP的首席編曲者

SBI has reportedly handpicked five investment banking giants to manage its massive QIP issue. According to sources, Citigroup, HSBC, Morgan Stanley, Kotak Capital, and ICICI Securities have secured spots on the final list. The twist? They're apparently charging a mere ₹1 as a token fee for their services.

據報導，SBI已精心挑選了五家投資銀行巨頭，以管理其大規模的QIP問題。據消息人士稱，花旗集團，匯豐銀行，摩根士丹利，柯塔克資本和ICICI證券已在最終列表中獲得了景點。扭曲？他們顯然只收取1盧比作為其服務的代價費用。

Why the Rock-Bottom Rates?

為什麼岩石底率？

Typically, investment bankers or lead arrangers rake in up to 1% of the issue amount as their fee for such fund-raising endeavors. However, in this case, prestige seems to outweigh profit. Being associated with SBI's QIP is a badge of honor, making it a sought-after mandate, even at a nominal fee. We've seen this before with ONGC's follow-on public offer in 2011, and another SBI share sale in 2017, where merchant bankers quoted similarly symbolic fees.

通常，投資銀行家或牽頭編曲者將發行金額的1％獎勵作為他們籌款努力的費用。但是，在這種情況下，聲望似乎超過了利潤。與SBI的QIP相關聯是一個榮譽徽章，即使以名義費用，也是備受追捧的任務。我們以前已經看到了ONGC在2011年的後續公開報價，以及2017年的SBI股票銷售，商人銀行家引用了類似的象徵性費用。

SBI's Expanding Digital Footprint

SBI擴大數字足跡

While the QIP issue highlights SBI's traditional finance moves, the broader SBI Group is also making strides in the digital realm. A recent document revealed plans to integrate a yen-backed stablecoin ($YEN) onto the XRP Ledger. This move, spotlighted by XRP community figure JackTheRippler, signifies a major leap in adopting blockchain-based financial infrastructure in Japan. SBI Holdings, through its subsidiary SBI Ripple Asia, has been instrumental in bringing RippleNet to major financial institutions across Asia. The introduction of a regulated stablecoin directly on the XRP Ledger (XRPL) leverages its speed, scalability, and energy efficiency.

儘管QIP問題強調了SBI的傳統財務動作，但更廣泛的SBI集團也在數字領域取得了長足的進步。最近的一份文件顯示，計劃將日元支持的Stablecoin（$ YEN）整合到XRP Ledger。 XRP社區人物Jacktherippler焦點的這一舉動表示在日本採用基於區塊鏈的金融基礎設施方面取得了重大飛躍。 SBI Holdings通過其子公司SBI Asia，在將Ripplenet帶到亞洲的主要金融機構中發揮了作用。直接在XRP Ledger（XRPL）上引入了受調節的穩定劑，利用其速度，可擴展性和能效。

Ripple's Role in the Stablecoin Ecosystem

波紋在穩定生態系統中的作用

Ripple itself is no stranger to the stablecoin space, having launched RLUSD, a U.S. dollar-backed stablecoin. With SBI's $YEN stablecoin joining the XRPL ecosystem, it's clear that XRPL is becoming a hub for multi-currency stablecoin infrastructure.

Ripple本身對Stablecoin空間並不陌生，他推出了一款以美元支持的Stablecoin Rlusd。隨著SBI的$ YEN StableCoin加入XRPL生態系統，很明顯，XRPL已成為多幣種基礎結構的樞紐。

Looking Ahead: A Model for Digital Finance?

展望未來：數字金融的模型？

SBI's decision to utilize XRPL for its stablecoin underscores the ledger's technical maturity and regulatory readiness. As countries worldwide experiment with central bank digital currencies (CBDCs) and stablecoins, Japan's approach, which combines a public blockchain with legal supervision, could serve as a blueprint for the future of digital finance. It remains to be seen whether SBI VC Trade or another entity will issue the token, but the project's inclusion in official documentation suggests that launch preparations are well underway.

SBI決定利用XRPL進行穩定的決定強調了分類帳的技術成熟度和監管準備就緒。隨著國家在全球進行中央銀行數字貨幣（CBDC）和Stablecoins的試驗，將公共區塊鏈與法律監督相結合的日本方法可以作為數字融資未來的藍圖。 SBI VC貿易或其他實體是否會發行令牌還有待觀察，但是該項目納入正式文檔中，表明發射準備工作正在進行中。

Final Thoughts

最後的想法

From vying for a chance to manage SBI's QIP at a token fee to embracing blockchain technology with a yen-backed stablecoin, SBI is proving to be a dynamic player in both traditional and digital finance. It's an exciting time to watch how these developments unfold and shape the future of finance in Japan and beyond. Who knew banking could be so… thrilling?

從爭奪有機會以代幣費用管理SBI的QIP到使用日元支持的Stablecoin來擁抱區塊鏈技術，SBI在傳統和數字融資中都是充滿活力的球員。這是一個令人興奮的時刻，觀察這些發展如何展開和塑造日本及其他地區的財務未來。誰知道銀行業可能是如此……激動人心？