SBI Holdings and the Solana Foundation have announced a strategic partnership to establish an onchain financial market based in Japan. As part of the collaboration, the Solana Foundation will acquire a stake in SBI R3 Japan, which will rebrand as SBI Solana Global.
According to a company statement released Monday, SBI Solana Global will operate under a new growth strategy with support from shareholders SBI Holdings and Sumitomo Mitsui Financial Group (SMFG). The venture aims to facilitate the issuance and distribution of stablecoins—including JPYSC, Japan’s first trust bank-backed yen-denominated stablecoin—and enable the tokenization and distribution of real-world assets such as corporate bonds, commercial paper, investment funds, and real estate.
The joint initiative will also focus on developing cross-border settlement infrastructure and delivering onchain financial services tailored for institutional investors. Additionally, the platform plans to build payment systems designed specifically for AI agents, all leveraging the high-performance Solana blockchain.
This announcement follows closely on the heels of SBI’s recent launch of JPYSC. Separately on Monday, SBI revealed it will begin accepting applications on July 16 for a 12-week lending product offering a 3% annual yield on JPYSC deposits through its subsidiary SBI VC Trade.
SBI has significantly ramped up its investments in the digital asset sector in recent months. Last week, the firm became the sole investor in $125 million Series C funding for Gauntlet and a $76 million Series C round for EDX Markets. In June, SBI acquired Japanese cryptocurrency exchange Bitbank for approximately $289 million as part of its broader push into onchain finance.
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