SBI Group has partnered with Ondo Finance to bring tokenized Japanese stocks into its financial ecosystem. As part of the agreement, Ondo's JPYSC stablecoin will support settlement and collateral for the company's tokenized financial products.
The partnership follows SBI Global Asset Management's launch of a tokenized Japanese equity fund on Solana with DigiFT. The JX token gives accredited and institutional investors blockchain-based access to a high-dividend Japanese equity strategy managed by SBI Asset Management Co.
Ondo Finance CEO Ian De Bode described Japan as an important market for the sector, saying, 'Japan is one of the most sophisticated capital markets in the world, and SBI sits at the center of it. This collaboration creates a path to bring Japanese assets onchain and to connect Japan with the global tokenized economy.'