SBI Holdings, Solana Foundation Partner to Build Japan-Based Onchain Financial Market

According to an SBI Holdings statement on July 13, the company and the Solana Foundation announced a strategic partnership to build an onchain financial market from Japan. SBI R3 Japan will adopt the trade name SBI Solana Global, with Solana Foundation taking a stake in the venture alongside existing shareholders SBI Holdings and Sumitomo Mitsui Financial Group.

SBI Solana Global will support the issuance of stablecoins, including JPYSC (Japan's yen-denominated stablecoin), and the distribution of tokenized real-world assets such as corporate bonds and real estate. The platform will also provide onchain financial services for institutional investors and develop payment infrastructure for AI agents, with all products built on the Solana blockchain.