SBI Holdings, a major Japanese financial group, has partnered with Ondo Finance to tokenize Japanese stocks on blockchain using SBI’s yen stablecoin, JPYSC, for settlement and collateral. This collaboration aims to create a tokenized stock market denominated in digital yen, leveraging SBI’s extensive financial network and Ondo’s expertise in stock tokenization. The initiative could simplify investment in Japanese equities by removing currency exchange friction and integrating with Japan’s retail investors through SBI Securities. The timeline for availability is not yet announced, and regulatory approval remains a key factor to watch.
ONDO, the native token of Ondo Finance, surged 15% to $0.393 following a partnership with Japan's SBI Group to tokenize Japanese assets and distribute them using the JPYSC stablecoin. Ondo also joined the DTCC's major tokenization initiative, linking...
SBI has partnered with Ondo Finance to tokenize Japanese equities through blockchain technology, introducing the JPYSC stablecoin for settlement and collateral. Ondo will create tokenized financial products tied to Japanese assets, which SBI will dis...
SBI Group has partnered with Ondo Finance to tokenize Japanese stocks and integrate the yen-backed JPYSC stablecoin for settlement and collateral within Ondo’s tokenized financial products. This collaboration aims to connect Japanese assets with glob...
Ondo Finance's token price surged nearly 20% following the launch of tokenized U.S. equities backed by the Depository Trust Company (DTC) through the DTCC Tokenization Service pilot. This integration allows on-chain exposure to assets like the SPDR S...
Japan's SBI Group and Ondo Finance have partnered to tokenize Japanese equities and settle trades with SBI's yen stablecoin, JPYSC. This collaboration bridges traditional Asian capital markets with onchain finance, allowing investors to access Japane...
