Ondo Finance and SBI Group Partner to Tokenize Japanese Stocks on Blockchain, Building a Yen Stablecoin Settlement Ecosystem

Odaily Odaily reports that Ondo Finance and Japanese financial group SBI Group have announced a strategic partnership. The two parties will 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 partnership will connect Japan's mature capital market with the global tokenized finance 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 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.