cryptobriefing.com
SBI Holdings is teaming up with the Solana Foundation to create Japan’s first on-chain financial market, with plans to bring Japan-developed stablecoins and tokenized real-world assets to Asian and global markets, according to a Monday statement.
Under the agreement, the Solana Foundation will become a shareholder in SBI R3 Japan, which will be renamed SBI Solana Global, joining SBI Holdings and Sumitomo Mitsui Financial Group.
SBI Solana Global will support the issuance and distribution of stablecoins including JPYSC, tokenize assets such as corporate bonds, commercial paper, funds and real estate, build a cross-border payment infrastructure, deliver on-chain financial services for institutions, and develop AI-ready payment systems.
The collaboration seeks to combine Japan’s financial ecosystem and regulatory advantages with Solana’s blockchain network to establish Japan as a regional center for on-chain finance.