SBI Group partners with Ondo Finance to tokenize Japanese assets and settle transactions using JPYSC stablecoin across the SBI ecosystem.
RWA & Tokenization ·
SBI Group, a major Japanese financial institution, is partnering with Ondo Finance to bring tokenized assets onto the blockchain. The collaboration will enable the distribution of Japanese assets across SBI's infrastructure and facilitate settlement through the JPYSC stablecoin, according to statements from both parties. Ondo CEO Ian De Bode framed the arrangement as a pathway to move Japanese assets onchain, while SBI Holdings' Yoshitaka Kitao described Ondo as a strategic partner for building a global corridor in digital assets.
The arrangement extends Ondo's push into institutional capital markets beyond its existing footprint. Ondo has positioned itself as a leader in tokenizing real-world assets and equities, and this deal signals SBI's intent to leverage that capability across its ecosystem. The pairing of a major Japanese financial player with an onchain tokenization platform marks a concrete move to connect Japanese capital markets infrastructure to decentralized finance infrastructure.
What remains unclear is the timeline for deployment, the scope of asset classes that will be tokenized under the partnership, or specific volumes expected to flow through JPYSC settlement. The extent to which other Japanese financial institutions may adopt similar arrangements is also unspecified.