Ondo Finance, the largest tokenizer of stocks globally, and SBI Group, one of Japan's largest financial conglomerates, today announced a strategic partnership. Under the partnership, the companies will bring Japanese equities onchain, distribute Ondo tokenized products across the SBI Group ecosystem, and adopt SBI's JPYSC stablecoin for onchain settlement and collateral.
The partnership connects one of the world's most sophisticated capital markets with the global tokenized economy, expanding access to Japanese assets and bringing Ondo tokenized products to millions of investors across Japan.
Under the strategic partnership, the two companies will work towards:
- Tokenization and distribution of Japanese assets onchain, with tokenized instruments to be issued by Ondo Global Markets (BVI) Limited
- Use of SBI’s JPYSC stablecoin for settlement and collateral on Ondo tokenized assets
- Distribution of Ondo tokenized assets through the SBI Group ecosystem
- Cross-promotion of each party's products and services through their respective customers, channels, and strategic partners
“Japan is one of the most sophisticated capital markets in the world, and SBI sits at the center of it. This collaboration creates a path to bring Japanese assets onchain and to connect Japan with the global tokenized economy,” said Ian De Bode, CEO, Ondo Finance.
“Ondo Finance has established itself as a global leader in the tokenization of real-world assets and is at the forefront of the tokenized equities market. We believe Ondo will be a key strategic partner as SBI Group forms a global corridor for digital assets, and we look forward to rapidly advancing a wide range of initiatives together,” said Yoshitaka Kitao, Representative Director, Chairman, President & CEO, SBI Holdings
Ondo Finance has established itself as a global leader in the tokenization of real-world assets and is at the forefront of the tokenized equities market. We believe Ondo will be a key strategic partner as SBI Group expands its global digital asset ecosystem, and we look forward to rapidly advancing a wide range of initiatives together.
Together, SBI and Ondo aim to build a bridge between Japan's capital markets and the global tokenized economy, expanding access to Japanese assets for investors worldwide and laying the groundwork for yen-denominated settlement onchain.
