SBI Group partnered with Ondo Finance to tokenize Japanese equities, bringing one of the world's largest capital markets onto the blockchain. Under the agreement, Ondo Finance will issue tokenized Japanese stocks through Ondo Global Markets (BVI) Limited, while SBI Group will distribute the products across its financial network. The initiative will use SBI's JPYSC stablecoin for settlement and collateral, creating a blockchain-based infrastructure for trading Japanese equities and connecting domestic markets with the global tokenized economy.
SBI Group and Ondo Finance Structure Tokenization Partnership
Ondo Finance, one of the world's leading tokenizers of real-world assets, will issue tokenized Japanese stocks through Ondo Global Markets (BVI) Limited. SBI Group will distribute the products across its financial network. The initiative will use SBI's JPYSC stablecoin for settlement and collateral.
The strategic partnership extends beyond distribution, with both companies agreeing to promote each other's products and services. Ondo Finance CEO Ian De Bode described Japan as one of the world's most sophisticated capital markets, saying SBI's extensive financial reach provides an ideal gateway for bringing Japanese assets onchain. He added that the collaboration will strengthen the link between Japan's financial system and the global tokenized economy while advancing yen-denominated blockchain settlement.
XRPL Becomes Largest Blockchain for Ondo's Treasury Fund
Last month, the XRP Ledger (XRPL) became the largest blockchain supporting Ondo's tokenized U.S. Treasury fund, overtaking Ethereum and Solana with roughly $274 million in on-chain assets. The achievement underscores XRPL's accelerating adoption as a preferred blockchain for institutional-grade tokenization.
SBI Group's Historical Partnership With Ripple
Ripple is not directly involved in the SBI-Ondo partnership. However, the development is notable given Ripple's nearly decade-long strategic alliance with SBI Group. SBI first invested in Ripple in 2016 and has grown into one of the company's largest external shareholders and one of the strongest advocates for XRP and blockchain adoption across Asia.
The two firms co-founded SBI Ripple Asia, enabling banks across the region to modernize cross-border payments using Ripple's technology. SBI VC Trade became Japan's first regulated platform to support Ripple's RLUSD stablecoin.
FAQ
What did SBI Group and Ondo Finance announce?
SBI Group partnered with Ondo Finance to tokenize Japanese equities. Ondo Finance will issue tokenized Japanese stocks through Ondo Global Markets (BVI) Limited, while SBI Group will distribute the products across its financial network using SBI's JPYSC stablecoin for settlement and collateral.
How does XRPL relate to Ondo Finance?
Last month, the XRP Ledger became the largest blockchain supporting Ondo's tokenized U.S. Treasury fund, overtaking Ethereum and Solana with roughly $274 million in on-chain assets.
What is the relationship between SBI Group and Ripple?
SBI first invested in Ripple in 2016 and has grown into one of the company's largest external shareholders. The two firms co-founded SBI Ripple Asia, and SBI VC Trade became Japan's first regulated platform to support Ripple's RLUSD stablecoin.
