Japan's SBI Group is building Asia's first cross-border digital asset empire
Japan's SBI Group is building a cross-border digital asset empire by integrating blockchain infrastructure with traditional finance. The strategy includes tokenizing real-world assets and issuing stablecoins through partnerships with Solana and Ondo Finance.
Why it matters
This marks a major institutional move to bridge traditional banking with decentralized finance on a regional scale.
"The SBI Group seeks to establish a global corridor for digital assets by connecting exchanges worldwide," Yoshitaka Kitao, CEO of SBI Holdings, Japan’s largest online securities firm with more than 14 million users and $308 billion in assets under custody.
The acquisition follows SBI teaming up with Ondo Finance on Thursday to tokenize Japanese equities and other assets using its JPYSC stablecoin for settlement.
The company's regional expansion is also backed by a new partnership with the Solana Foundation . Under the agreement, the foundation will take an equity stake in SBI R3 Japan, which will be renamed SBI Solana Global. The new entity will focus on issuing stablecoins and on tokenizing real-world assets, such as corporate bonds and real estate.
The company said the strategy is intended to connect traditional financial markets with blockchain-based infrastructure.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in