SBI Holdings Partners with Ondo Finance to Tokenize Japanese Stocks

SBI Holdings announced Thursday a partnership with Ondo Finance to tokenize Japanese equities through Ondo Global Markets. The companies will distribute Ondo's products across SBI's network and use SBI's JPYSC stablecoin for settlement and collateral. The agreement extends SBI's digital asset ecosystem expansion, which in the past month included becoming the sole investor in Gauntlet's $125 million Series C and EDX Market's $75 million Series C funding rounds, launching JPYSC, announcing a lending product for the token, partnering with the Solana Foundation, and acquiring Japanese crypto exchange Bitbank for nearly $289 million in June.

SBI's Recent Digital Asset Initiatives Recap

SBI Holdings has executed a series of digital asset moves in the past month. The Japanese financial conglomerate became the sole investor in Gauntlet's $125 million Series C funding round and EDX Market's $75 million Series C funding round. SBI launched JPYSC, Japan's first trust bank-backed yen stablecoin, and announced a lending product for the token. The company partnered with the Solana Foundation to build a Japan-based onchain financial market. SBI acquired Japanese crypto exchange Bitbank for nearly $289 million in June.

Partnership Details and Strategic Rationale

Thursday's deal with Ondo Finance connects Japan's capital markets with the tokenized economy. Ondo Finance CEO Ian De Bode stated, "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." SBI CEO Yoshitaka Kitao said Ondo has established itself as a leader in tokenized real-world assets and tokenized equities and will be a key strategic partner as SBI expands its global digital asset ecosystem.

Tokenized Equities Market Status

Tokenized equities have a market capitalization approaching $13 billion, representing around 15% of the broader tokenized asset market, according to The Block's data. Asset-backed credit and U.S. Treasurys remain the sector's largest categories.

FAQ

What did SBI Holdings announce on Thursday? SBI Holdings announced a partnership with Ondo Finance to tokenize Japanese equities through Ondo Global Markets, distribute Ondo's products across SBI's network, and use SBI's JPYSC stablecoin for settlement and collateral.

What is the market capitalization of tokenized equities? Tokenized equities have a market capitalization approaching $13 billion, representing around 15% of the broader tokenized asset market, according to The Block's data.