Ondo and SBI Group Partner to Tokenize Japanese Stocks

Chainthink

Release Time:

ONDO

$0.38031-1.5%

Summary

Ondo Finance announced a partnership with SBI Group to tokenize Japanese stock assets, according to on-chain news. SBI Group, which manages over $25 billion in assets, will distribute Ondo’s tokenized products. Ondo Global Markets (BVI) Limited will issue the tokenized assets, using SBI’s JPYSC stablecoin for settlement and collateral. Both companies will engage in cross-promotion through their respective customer bases and partner networks.

ChainThink reports that on July 16, according to official announcements, Ondo Finance has established a strategic partnership with Japan’s SBI Group to jointly advance the tokenization of Japanese equity assets.

SBI Group has total assets exceeding $250 billion.

In this partnership, Ondo Global Markets (BVI) Limited will issue tokenized Japanese assets and distribute Ondo’s tokenized products within the SBI Group ecosystem.

Both parties will also use SBI’s JPYSC stablecoin as an on-chain settlement and collateral tool for Ondo’s tokenized assets, and conduct cross-promotions through their respective customers, channels, and strategic partners.

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