Solana Foundation partners with SBI Holdings to launch Japan on‑chain finance venture

On July 13, the Solana Foundation and Japan’s SBI Holdings announced a strategic partnership to create an on‑chain financial market in Japan. The joint venture, renamed SBI Solana Global, will link Japan’s substantial pool of financial assets and its early‑stage regulatory framework to Solana’s global blockchain network, with the goal of positioning the country as an Asian hub for on‑chain finance.

The initial ownership structure gives SBI Holdings 51% of voting rights, R3 35% and Sumitomo Mitsui Financial Group 14%. Central to the effort is the issuance of JPYSC, a yen‑pegged stablecoin built on a trust‑scheme and treated as an electronic payment instrument under Japan’s Payment Services Act. The partnership also plans to support tokenized real‑world assets—including corporate bonds, investment funds and real estate—enabling regulated financial products to settle on a public blockchain. Additional objectives include building cross‑border payment rails, delivering institutional‑grade on‑chain services, and developing settlement infrastructure for autonomous AI agents.

The collaboration adds a concrete institutional backer to Solana’s ecosystem and seeks to merge Japan’s deep financial resources with Solana’s high‑throughput blockchain capabilities, potentially expanding on‑chain liquidity and financial innovation across Asia.