Ondo Finance collaborates with SBI Group to promote the tokenization of Japanese stocks on-chain and layouts a yen stablecoin settlement ecosystem

Odaily Planet Daily reported that Ondo Finance and Japanese financial group SBI Group have announced a strategic partnership to jointly promote the tokenization of Japanese stock assets on the blockchain and explore the use of yen stablecoins for on-chain settlement and collateral.

Ondo stated that as one of the world's largest issuers of tokenized stocks, this collaboration will connect Japan's mature capital market with the global tokenized financial ecosystem, expand the on-chain accessibility of Japanese assets, and promote Ondo's tokenized products to Japanese investors through the SBI Group ecosystem. According to the cooperation plan, the two parties will advance the following directions:

Issuing tokenized Japanese assets through Ondo's subsidiary, Ondo Global Markets (BVI) Limited;

Using the JPYSC yen stablecoin launched by SBI to provide on-chain settlement and collateral support for Ondo's tokenized assets;

Distributing Ondo's tokenized financial products through the SBI Group ecosystem.