Ondo Finance Partners With SBI Group to Tokenize Japanese Stocks, Explores JPY Stablecoin Settlement

ONDO1.61%
Ondo Finance and Japan's SBI Group announced a strategic partnership today to tokenize Japanese stock assets and enable yen-denominated settlement on blockchain. According to the announcement, Ondo—one of the world's largest equity tokenization providers—will work with SBI to expand access to Japanese assets on-chain through Ondo Global Markets (BVI) Limited. The collaboration will utilize SBI's JPYSC yen stablecoin for on-chain settlement and collateral support, with distribution of Ondo's tokenized financial products through the SBI ecosystem.
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