SBI Holdings and Solana Foundation announced a strategic partnership to develop onchain financial markets in Japan, with SBI R3 Japan rebranding to SBI Solana Global. The initiative includes Sumitomo Mitsui Financial Group (SMFG), one of Japan's three megabanks, as a partner.
The collaboration will focus on JPY stablecoins, tokenized real-world assets including bonds and real estate, cross-border payment infrastructure, and institutional onchain financial services. SBI said the partnership aims to connect Japan's regulated financial markets with global blockchain liquidity and position Japan as Asia's onchain finance center.
SBI has expanded its Solana integration in recent months. The company previously announced partnerships including R3 Corda integration and B2C2 routing on Solana, and launched SOL services for institutional clients.
SMFG is one of Japan's three largest banking groups. The megabank's involvement signals institutional appetite in Japan's traditional finance sector for blockchain infrastructure and tokenized assets.
