SBI Group and Ondo Finance partner to bring Japanese real-world assets and stocks onchain.
The deal will use SBI's JPYSC stablecoin for settlement while expanding tokenized assets across Japan.
Ondo, which controls nearly 60% of the tokenized equity market, is expanding its reach into one of Asia's largest financial markets.
SBI Group, one of Japan’s largest financial companies with more than $250 billion in assets, has partnered with Ondo Finance, the world’s leading tokenized equity platform, to bring Japanese real-world assets (RWAs) onchain.
The partnership will allow Japanese equities to be tokenized, distribute Ondo’s products through SBI’s financial ecosystem, and use SBI’s JPYSC stablecoin for onchain settlements and collateral.
Together, both companies aim to connect Japan’s traditional capital markets with the global blockchain economy, giving millions of Japanese investors access to tokenized financial products.
What Will the Partnership Bring?
Under the agreement, both companies will work on:
- Tokenizing Japanese equities through Ondo Global Markets (BVI) Limited.
- Using JPYSC, SBI’s yen-backed stablecoin, for onchain settlement and collateral.
- Distributing Ondo’s tokenized products across the SBI Group ecosystem.
- Promoting each other’s products through their customer networks and strategic partners.
This partnership also opens the door for Japanese assets to reach global blockchain investors while expanding tokenized finance inside Japan.
Executives See a Bigger Opportunity
Ondo Finance CEO Ian De Bode called Japan one of the world’s strongest financial markets.
“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.”
SBI Holdings Chairman and CEO Yoshitaka Kitao said Ondo has become a global leader in tokenizing real-world assets.
“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.”
Why This Partnership Matters
Japan is already one of the world’s largest financial markets, while Ondo Finance has become one of the biggest players in tokenizing real-world assets.
According to industry data, Ondo controls nearly 60% of the global tokenized equity market, making it one of the leading companies in this fast-growing sector.
By combining SBI’ financial infrastructure with Ondo’s blockchain technology, the partnership could make it easier for both local and international investors to access Japanese assets through blockchain.