Ondo Finance and SBI announce tokenized Japanese equities platform using JPYSC stablecoin for settlement and collateral.
DeFi & Yields ·
Ondo Finance and SBI have announced a partnership to build a tokenized Japanese equities platform that will use JPYSC, SBI's yen stablecoin, for settlement and collateral. The collaboration represents an expansion of institutional crypto infrastructure in Japan as the country moves toward mainstreaming digital assets in its financial system.
The initiative sits within a broader regulatory shift. SBI Holdings, one of Japan's largest financial-services groups, has been consolidating crypto assets and infrastructure—from launching JPYSC through its exchange SBI VC Trade to acquiring Bitbank for ¥46.7 billion. Meanwhile, Japan's April 2026 cabinet approval reclassified over 100 tokens, including XRP, as financial instruments under the same framework as stocks and bonds, and a proposed tax reform would align crypto gains taxation with equities at a flat 20 percent, removing a historical barrier to retail participation.
The precise scope and timeline for the tokenized equities platform remain unspecified in available disclosures. Neither the asset list, launch date, nor regulatory approval pathway has been detailed publicly.