Ondo Finance and SBI Group Partner to Tokenize Japanese Equities

Ondo Finance has entered a strategic partnership with SBI Group to bring Japanese equities and other traditional assets onchain, with transactions settled using JPYSC, SBI’s yen-denominated stablecoin.
Announced on July 16, the agreement outlines a framework for issuing tokenized securities and routing them through SBI’s financial services network. The announcement confirms a commercial partnership and distribution pathway, rather than an immediately available retail product.
Under the agreement, Ondo Global Markets (BVI) Limited will manage the issuance of the tokenized assets. SBI Group will handle distribution across its existing ecosystem, which includes brokerage, wealth management and digital asset channels. Settlement will occur onchain using JPYSC, which operates under Japan’s regulatory framework for trust-backed stablecoins. Ondo indicated that the collaboration will also expand the availability of its existing tokenized U.S. equity and fixed-income products to SBI’s customer base.
The partnership terms and executive statements were published in an official release on the Ondo Finance blog. Both firms emphasized the structural alignment between traditional capital markets and decentralized settlement rails. Ondo CEO Ian De Bode described Japan’s financial markets as highly sophisticated, noting that the collaboration creates a direct path for bringing Japanese assets onchain. SBI Holdings leadership characterized the initiative as a step toward building a formal digital asset corridor for institutional and retail capital flows.
While the partnership establishes the operational framework, several deployment details remain pending. The available announcement does not specify a public launch timeline, eligibility criteria for SBI clients, or the exact compliance procedures that will govern each tokenized security. JPYSC’s regulatory standing under Japanese law is established, but the integration of newly tokenized equities into SBI’s distribution channels will require additional technical integration and jurisdictional confirmations. The deal should currently be viewed as a structural agreement awaiting further operational milestones.






