SBI Holdings and Solana Foundation have reached a strategic cooperation to jointly build Japan’s on-chain financial market.

Japanese financial group SBI Holdings and the Solana Foundation have announced a strategic partnership to build a Japan-centric on-chain financial market. As part of the collaboration, the Solana Foundation will take an equity stake in SBI R3 Japan, which will be renamed SBI Solana Global. According to the announcement, SBI Solana Global will support the issuance and circulation of stablecoins including the Japanese yen stablecoin JPYSC on the Solana blockchain, and advance the tokenized issuance and distribution of real-world assets (RWA) such as corporate bonds, commercial paper, funds, and real estate. It will also develop cross-border settlement infrastructure, on-chain financial services for institutional investors, and payment infrastructure for AI agents. Additionally, SBI announced that it will launch applications for JPYSC deposit products via SBI VC Trade on July 16, offering a 3% annualized yield. Recently, SBI has successively invested in Gauntlet and EDX Markets, and completed the acquisition of Japanese crypto exchange Bitbank, continuing to expand its on-chain financial footprint.