Ondo Finance and SBI Group to Tokenize Japanese Equities

Two major financial firms, Ondo Finance and Japan's SBI Group, announced a strategic partnership on July 16, 2026, to tokenize Japanese equities and settle trades using a yen-backed stablecoin. The collaboration aims to bring a significant portion of Japan's traditional capital markets onto blockchain infrastructure, providing new access points for both domestic and international investors.

Under the agreement, Ondo Global Markets BVI Limited will issue tokenized financial instruments tied to Japanese stocks. SBI Group will then distribute these digital assets across its extensive network of banking, securities, and insurance businesses, which serves millions of customers. A central component of the partnership is the integration of JPYSC, SBI's yen stablecoin, which will be used for settlement and as collateral for the tokenized products. The firms also plan to cross-promote each other's offerings through their respective customer channels.

Executives from both companies framed the deal as a major step in connecting Japan's sophisticated financial markets with the growing global tokenized economy. Ondo CEO Ian De Bode stated that Japan is one of the world's most advanced...