SBI extends onchain finance push with Ondo deal to tokenize Japanese stocks
The Block·
60-second summary
SBI Holdings is expanding its onchain finance push by partnering with Ondo to tokenize Japanese stocks, leveraging JPYSC for settlement and collateral, and distributing Ondo products through its vast network. This move aims to increase adoption of digital assets in Japan, with 40% of SBI's clients already showing interest in onchain finance.
Japan's SBI Holdings will use JPYSC for settlement and collateral while distributing Ondo products through its network.