Japanese financial giant SBI Holdings and the Solana Foundation have entered into a strategic partnership to develop on-chain financial markets based in Japan.
Under the partnership announced today, the Solana Foundation will join SBI R3 Japan, a company in which SBI Holdings and Sumitomo Mitsui Financial Group (SMFG), one of Japan’s three largest banking groups, are shareholders. The company is planned to be restructured under the name “SBI Solana Global” in the future.
The collaboration will focus on Japanese yen-backed stablecoins, tokenization of real-world assets (RWA) such as bonds, funds, and real estate, cross-border payment infrastructures, and on-chain financial services for institutional investors.
The parties aim to bring RWA and stablecoin products developed in Japan first to Asia, and then to global markets. SBI stated that the initiative will connect Japan’s regulated traditional financial markets with global blockchain liquidity.
Through this partnership, SBI Holdings, SMFG, and the Solana Foundation aim to develop new growth strategies and transform Japan into one of Asia’s leading on-chain financial centers.
SBI Holdings Chairman Yoshitaka Kitao stated that blockchain technology is playing an increasingly important role in the digitalization of financial markets. Solana Foundation President Lily Liu added that Japan’s strong financial infrastructure and regulatory structure offer significant opportunities for the development of corporate on-chain finance applications.
*This is not investment advice.
