SBI为其25,000亿卢比的QIP刊物选择了主要编曲者，投资银行即使以代币费为代表，也强调了与交易相关的声望。

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

SBI的QIP问题：首席编曲者的声望

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.

印度国家银行（SBI）以其25,000亿卢比的合格机构安置（QIP）发行，在金融界轰动。更引人入胜的是首席编曲者的选择过程。让我们研究这项备受瞩目的交易的细节。

The Chosen Few: Lead Arrangers for SBI's QIP

选择的很少：SBI QIP的首席编曲者

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.

据报道，SBI已精心挑选了五家投资银行巨头，以管理其大规模的QIP问题。据消息人士称，花旗集团，汇丰银行，摩根士丹利，柯塔克资本和ICICI证券已在最终列表中获得了景点。扭曲？他们显然只收取1卢比作为其服务的代价费用。

Why the Rock-Bottom Rates?

为什么岩石底率？

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，投资银行家或牵头编曲者将发行金额的1％奖励作为他们筹款努力的费用。但是，在这种情况下，声望似乎超过了利润。与SBI的QIP相关联是一个荣誉徽章，即使以名义费用，也是备受追捧的任务。我们以前已经看到了ONGC在2011年的后续公开报价，以及2017年的SBI股票销售，商人银行家引用了类似的象征性费用。

SBI's Expanding Digital Footprint

SBI扩大数字足迹

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.

尽管QIP问题强调了SBI的传统财务动作，但更广泛的SBI集团也在数字领域取得了长足的进步。最近的一份文件显示，计划将日元支持的Stablecoin（$ YEN）整合到XRP Ledger。 XRP社区人物Jacktherippler焦点的这一举动表示在日本采用基于区块链的金融基础设施方面取得了重大飞跃。 SBI Holdings通过其子公司SBI Asia，在将Ripplenet带到亚洲的主要金融机构中发挥了作用。直接在XRP Ledger（XRPL）上引入了受调节的稳定剂，利用其速度，可扩展性和能效。

Ripple's Role in the Stablecoin Ecosystem

波纹在稳定生态系统中的作用

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本身对Stablecoin空间并不陌生，他推出了一款以美元支持的Stablecoin Rlusd。随着SBI的$ YEN StableCoin加入XRPL生态系统，很明显，XRPL已成为多币种基础结构的枢纽。

Looking Ahead: A Model for Digital Finance?

展望未来：数字金融的模型？

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决定利用XRPL进行稳定的决定强调了分类帐的技术成熟度和监管准备就绪。随着国家在全球进行中央银行数字货币（CBDC）和Stablecoins的试验，将公共区块链与法律监督相结合的日本方法可以作为数字融资未来的蓝图。 SBI VC贸易或其他实体是否会发行令牌还有待观察，但是该项目纳入正式文档中，表明发射准备工作正在进行中。

Final Thoughts

最后的想法

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?

从争夺有机会以代币费用管理SBI的QIP到使用日元支持的Stablecoin来拥抱区块链技术，SBI在传统和数字融资中都是充满活力的球员。这是一个令人兴奋的时刻，观察这些发展如何展开和塑造日本及其他地区的财务未来。谁知道银行业可能是如此……激动人心？