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
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