SBI and Solana Partner to Build Japan On-Chain Finance

Japanese financial giant SBI Holdings has entered a strategic partnership with the Solana Foundation to develop a comprehensive on-chain financial market based in Japan, the companies announced on July 13, 2026. The collaboration aims to leverage blockchain technology to bridge Japan's domestic financial system with global liquidity pools.

Under the agreement, the Solana Foundation will join SBI R3 Japan, an existing joint venture between SBI Holdings and Sumitomo Mitsui Financial Group. The venture is expected to be renamed SBI Solana Global following the required corporate procedures. The partnership will focus on using the Solana blockchain as the core infrastructure for a range of financial services, with the stated goal of establishing Japan as a central hub for on-chain finance in Asia.

The venture's planned functions are wide-ranging. They include supporting the issuance and distribution of stablecoins, notably SBI's yen-denominated JPYSC stablecoin, and the structuring and distribution of tokenized real-world assets. These assets could encompass corporate bonds, commercial paper, investment funds, and real estate. Additional objectives are developing cross-border...