Japanese asset giant SBI Holdings’ (8473) blockchain initiative is turning to Solana for its stablecoin and real-world asset (RWA) tokenization efforts.<\/p>\n
SBI Solana Global, previously SBI R3 Japan, aims to use the network to connect Japan’s domestic market to global liquidity, according to a Monday post on its website<\/a>. <\/p>\n The SBI Solana Global joint venture, which also counts Sumitomo Mitsui Financial Group (SMFG) among its shareholders, now includes the Solana Foundation, the Zug, Switzerland-based organization that oversees the layer-1 network.<\/p>\n “By creating a new market for Japan-originated digital assets, the collaboration aims to establish Japan as a core hub for onchain finance in Asia,” SBI Holdings said in the statement. <\/p>\n SBI Holdings lists supporting the issuance and distribution of stablecoins, supporting the structuring and distribution of tokenized RWAs and developing payment infrastructure for AI agents among the venture’s functions. <\/p>\n The blockchain initiative previously centered around Corda<\/a>, the permissioned blockchain developed by R3. <\/p>\n