Ondo Finance, a leading firm in real-world asset tokenization, has entered into a strategic partnership with SBI Group, one of Japan’s largest financial conglomerates, to bring tokenized Japanese assets to the market. The collaboration aims to distribute Ondo’s tokenized financial products through SBI’s extensive ecosystem and to settle transactions using SBI’s yen-backed stablecoin, JPYSC.
“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,” said Ian De Bode, CEO of Ondo Finance, in a statement on X. Yoshitaka Kitao, Chairman and CEO of SBI Group, described Ondo as “a key strategic partner” in forming a global digital asset corridor.
Under the agreement, Ondo Global Markets (BVI) Limited will issue tokenized financial products linked to Japan, while SBI – a long-time Ripple partner – will distribute them to its millions of customers through banking, brokerage, and asset management platforms. The partnership also includes joint marketing and exploration of further distribution channels, though specific asset classes and launch dates were not disclosed.
The integration of JPYSC is a cornerstone of the deal. SBI’s yen-backed stablecoin will serve as a settlement and collateral asset for Ondo’s tokenized products, enabling investors to purchase tokenized Japanese assets using a digital yen. The companies plan to explore additional collateral use cases but have not detailed eligible products or requirements.
This move follows SBI’s recent launch of a tokenized Japanese equity fund on Solana with DigiFT, signaling the group’s broader push to bring securities onto public blockchains. With Ondo’s established infrastructure and SBI’s market dominance, the partnership positions both firms to lead the onchain tokenization of Asian equities and connect Japan with the global tokenized economy.
