SBI VC Trade Opens Applications for JPYSC Lending Product With 3% Annualized Rate

SBI VC Trade said it will begin accepting applications Thursday for a JPYSC lending service offering an initial 3% annualized rate. According to NS3.AI, the 12-week product is expected to return about 0.69% before tax. SBI VC Trade said the offering is not a bank deposit and is not covered by deposit insurance.