SBI and Ondo partner to tokenize Japanese equities, distribute assets through SBI, and settle using JPYSC yen stablecoin.
Ondo Finance has announced a partnership with SBI Group to bring Japanese assets on-chain. The collaboration connects tokenized Japanese equities with SBI’s financial network.
The plan includes tokenization, distribution, settlement, and collateral support across the SBI ecosystem. The settlement will use JPYSC, a yen stablecoin backed by a trust bank.
Ondo said the partnership creates a path for Japanese assets to reach global on-chain finance. SBI described Ondo as a strategic partner for digital asset growth.
The deal comes as tokenized equities gain more attention across global markets. It also puts yen-based settlement at the center of Japan’s on-chain finance push.
SBI and Ondo Target Japanese Asset Tokenization
Ondo Finance said the partnership will focus on tokenizing Japanese assets.
Tokenization means placing traditional assets on blockchain-based systems. These assets can then move through approved digital market platforms.
We’re excited to announce a partnership with SBI Group, one of Japan’s leading financial institutions.
The collaboration covers tokenizing Japanese assets with distribution across the SBI ecosystem, and settlement using the JPYSC stablecoin.
Ondo CEO Ian De Bode on the… pic.twitter.com/Kp4twvDeZo
— Ondo Finance (@OndoFinance) July 16, 2026
SBI Group is one of Japan’s major financial institutions. Its network gives Ondo a route to distribute tokenized Japanese assets across local channels.
This may support wider access to Japanese equities through on-chain systems.
Ondo CEO Ian De Bode said Japan has one of the world’s most advanced capital markets.
He said SBI sits at the center of that market. His statement framed the partnership as a way to bring Japanese assets on-chain.
JPYSC Puts Yen Settlement at Center
Merlijn The Trader said Japanese stocks are moving on-chain without dollar settlement.
He said settlement and collateral will use JPYSC. The token is described as a yen stablecoin backed by a trust bank.
INSIGHTS: 🇯🇵 Japanese stocks are going on-chain, and they won’t settle in dollars.
SBI partnered with Ondo Finance to tokenize Japanese equities and distribute them across its network.
Settlement and collateral run on JPYSC, a yen stablecoin backed by a trust bank.
While 98%… pic.twitter.com/5GDJZD8RNf
— Merlijn The Trader (@MerlijnTrader) July 16, 2026
Stablecoins are digital tokens designed to track the value of regular currencies. Most stablecoin activity today remains tied to the U.S. dollar.
Merlijn said about 98% of stablecoins are dollar-based. The use of JPYSC gives the partnership a yen-based settlement route.
This matters because Japanese assets normally trade within a yen-based financial system. It also gives institutions another option beyond dollar stablecoins.
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SBI Chairman, President, and CEO Yoshitaka Kitao said Ondo is a global tokenization leader.
He said Ondo is also active in the tokenized equities market. Kitao said the partnership supports SBI’s digital asset corridor plans.
The collaboration covers both asset distribution and settlement infrastructure. It also includes collateral use through JPYSC.
Collateral means an asset used to support a financial transaction or reduce risk.
The partnership places Japanese equities inside the wider real-world asset market.
Real-world assets include stocks, bonds, funds, and other traditional assets represented on-chain.
Market watchers may now track rollout details, supported assets, and JPYSC adoption.
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