SBI Holdings and Solana Foundation Partner to Build Japan's Onchain Financial Market

Jul 13, 2026

SBI Holdings and the Solana Foundation are launching a joint venture, SBI Solana Global, to build an onchain financial market in Japan. The venture, which includes shareholder Sumitomo Mitsui Financial Group, will issue stablecoins like JPYSC and tokenize real-world assets on the Solana blockchain. The partnership aims to establish Japan as a core hub for onchain finance in Asia.

SBI Solana Global joint venture

▪As part of the venture, the Solana Foundation will take a stake in SBI R3 Japan, which will be renamed SBI Solana Global.
▪SBI Holdings and the Solana Foundation have partnered to build an onchain financial market in Japan.
▪Sumitomo Mitsui Financial Group (SMFG) is also a shareholder in the SBI Solana Global joint venture.
▪The blockchain initiative previously centered around Corda, the permissioned blockchain developed by R3.

Onchain financial products

▪The venture will structure and distribute tokenized real-world assets like corporate bonds, commercial paper, funds, and real estate.
▪SBI Solana Global will support the issuance and distribution of stablecoins, including the yen-denominated JPYSC.
▪The company plans to develop cross-border settlement infrastructure and payment systems for AI agents on the Solana network.

Japan as Asian crypto hub

▪The venture intends to connect Japan's domestic market to global liquidity.
▪Products from the venture will require clearance under Japan's regulations for stablecoins, securities, and market operations.
▪The collaboration aims to establish Japan as a core hub for onchain finance in Asia.

SBI digital asset expansion

▪SBI Holdings was the sole investor in Gauntlet's $125 million Series C and EDX Markets' $76 million Series C.
▪SBI Holdings recently launched JPYSC, Japan's first trust bank-backed yen stablecoin.
▪In June, SBI Holdings acquired Japanese crypto exchange Bitbank for approximately $289 million.

Solana network growth

▪In a recent quarter, the Solana network recorded $5.77 billion in tokenized-asset spot volume.
▪During the same period, the Solana network processed more than one billion weekly transactions.