BlockBeats news: On July 13, Japanese financial group SBI Holdings and the Solana Foundation announced a strategic partnership to build an on-chain financial market centered in Japan. As part of the collaboration, the Solana Foundation will take an equity stake in SBI R3 Japan, which will subsequently 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. It will also advance the tokenization and distribution of real-world assets (RWA), such as corporate bonds, commercial paper, funds, and real estate. Additionally, it will develop cross-border settlement infrastructure, on-chain financial services for institutional investors, and payment infrastructure for AI agents.
In addition, SBI announced that on July 16, it will launch the JPYSC deposit product through SBI VC Trade, offering an annualized yield of 3%. Recently, SBI has sequentially invested in Gauntlet and EDX Markets, and completed the acquisition of the Japanese crypto exchange Bitbank, further strengthening its positioning in on-chain finance.