Ondo Finance partners with SBI to tokenize Japanese stocks

Jul 16, 2026

Ondo Finance, a US-based tokenization firm, is partnering with Japanese financial giant SBI Group to bring Japanese equities onto the blockchain. The collaboration will use SBI's recently launched JPYSC yen-backed stablecoin for settlement and distribute Ondo's products through SBI's vast network. The deal aims to open Japanese assets to global investors and is a key part of SBI's broader push into onchain finance.

Ondo-SBI partnership structure

▪Ondo Finance has partnered with Japan’s SBI Group to bring Japanese equities onto the blockchain.
▪SBI Group is a Japanese financial conglomerate with over $250 billion in assets.
▪As part of its digital asset strategy, SBI recently invested in Gauntlet and EDX Markets and acquired crypto exchange Bitbank.
▪Ondo Global Markets (BVI) Limited, an Ondo entity, will issue the tokenized Japanese assets.
▪Ondo's tokenized products will be distributed across SBI's network of banking, securities, and insurance businesses.

JPYSC yen stablecoin

▪The partnership will use SBI’s JPYSC stablecoin for settlement and collateral.
▪The JPYSC stablecoin primarily operates on the Ethereum blockchain.
▪SBI Shinsei Trust Bank issued the JPYSC stablecoin with ¥10 billion in initial capital.
▪SBI launched its JPYSC stablecoin on June 24, 2026.
▪JPYSC is Japan’s first yen-denominated stablecoin backed by a trust bank.

Tokenized Japanese equities

▪The partnership aims to provide SBI's customers with a method to purchase Japanese stocks via the blockchain.
▪The collaboration is designed to open Japanese assets to global investors and bring Ondo's products to Japanese investors.
▪The market for tokenized equities has a capitalization approaching $13 billion, representing about 15% of the total tokenized asset market.

Executive statements

▪Ondo Finance CEO Ian De Bode stated the collaboration creates a path to connect Japan with the global tokenized economy.
▪SBI CEO Yoshitaka Kitao said Ondo will be a key strategic partner as SBI Group builds a global corridor for digital assets.