SBI and DigiFT to Tokenize $1.3 Billion Japan Equity Fund, Startale Participates in JPYSC Settlement Test

Odaily Planet Daily News: SBI Group, DigiFT, and Startale Group have completed a joint proof-of-concept, demonstrating the full lifecycle of tokenized securities on the Ethereum testnet environment using the JPYSC yen stablecoin, including instant fund subscription settlement and on-chain automatic dividend distribution.

SBI Group and DigiFT are advancing the tokenization of the SBI Japan High Dividend Equity Fund, managed by SBI Asset Management with approximately $1.3 billion in assets under management, representing one of Japan's major public equity strategies.

The three parties completed two tests. One demonstrated the use of JPYSC for near-instant settlement of fund subscriptions, while the other utilized smart contracts to automatically calculate and distribute dividends to eligible token holders' wallets after the distribution registration was completed.

The three companies plan to explore integrating tokenized Japanese stocks with institutional DeFi platforms and are considering testing use cases such as collateralized lending and on-chain asset management with ecosystem partners like Morpho and Gauntlet.