SBI Holdings partners with Ondo to tokenize Japanese stocks, using JPYSC stablecoin for settlement and distributing tokenized products through SBI's network.
RWA & Tokenization ·
SBI Holdings has entered a partnership with Ondo to tokenize Japanese stocks on-chain, according to reporting on the arrangement. The deal will use JPYSC, a stablecoin, for settlement and as collateral, while Ondo's tokenized products will be distributed through SBI's network infrastructure.
The partnership reflects a broader institutional push into real-world asset tokenization in Asia. By combining SBI's market reach and infrastructure with Ondo's tokenization capabilities, the arrangement positions both parties to serve institutional demand for on-chain exposure to traditional securities. JPYSC anchors the mechanism, enabling yen-denominated settlement.
The specifics of which Japanese stocks will be tokenized, the timeline for launch, and the scale of distribution through SBI's network have not yet been disclosed.