Ondo Finance partners with SBI Group to promote tokenization of Japanese stocks and build a yen stablecoin settlement ecosystem

Odaily reported that Ondo Finance and Japanese financial group SBI Group have announced a strategic partnership to jointly promote the tokenization of Japanese stock assets 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 bridge Japan's mature capital markets 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 parties will advance the following areas:

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

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

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