SBI Holdings plans to build an on-chain financial market in Japan on the Solana blockchain. The project aims to provide a complete infrastructure for digital financial assets, covering everything from issuance and the underlying technology platform to distribution and settlement.
Japanese financial services group SBI Holdings and the Solana Foundation announced a strategic partnership to build an on-chain financial market in Japan. The joint initiative will focus on issuing stablecoins, tokenizing real-world assets, and developing cross-border payment infrastructure.
SBI R3 Japan also joined the project and plans to rebrand as SBI Solana Global. In addition to SBI Holdings, its shareholders include Sumitomo Mitsui Financial Group (SMFG).
According to the companies, the global markets for stablecoins and tokenized real-world assets (RWAs) continue to expand. At the same time, financial transactions executed entirely on blockchain networks are emerging as the next generation of financial market infrastructure. Solana was selected as the project’s underlying blockchain because of its high throughput, low transaction costs, and one of the largest ecosystems among public blockchains.
SBI Solana Global plans to focus on:
- issuing and distributing stablecoins, including JPYSC;
- tokenizing corporate bonds, commercial paper, investment funds, and real estate;
- building cross-border settlement infrastructure;
- providing on-chain financial services to institutional investors;
- developing next generation payment infrastructure for AI agents.
The companies aim to provide an end-to-end infrastructure for digital financial assets, covering everything from the underlying technology platform and issuance to distribution and settlement. They believe the initiative will accelerate the development of Japan’s on-chain financial market and strengthen the country’s position as one of Asia’s leading hubs for blockchain-based financial innovation.
Looking ahead, SBI Group and Solana plan to use Japan as a launchpad for expanding cooperation with financial markets across Asia and other regions, helping develop a new global financial infrastructure built on blockchain technology.
A few weeks earlier, SBI Group launched the issuance and pre-launch distribution of JPYSC, Japan’s first trust-based stablecoin denominated in yen.
