The Solana Foundation has acquired a stake in SBI R3 Japan, which plans to rebrand as SBI Solana Global
Svmuu News: SBI and the Solana Foundation have announced the launch of a strategic partnership to jointly advance the development of Japan’s on-chain financial market. Under the partnership agreement, the Solana Foundation will acquire a stake in SBI R3 Japan and work alongside existing shareholders SBI and Sumitomo Mitsui Financial Group to advance a new growth strategy; the company plans to change its name to SBI Solana Global Co., Ltd. SBI Solana Global will focus on the Solana network to support the issuance and circulation of stablecoins such as the yen-pegged JPYSC; support the structuring and circulation of corporate bonds and tokenized real-world assets (RWAs); build cross-border payment infrastructure; provide on-chain financial services for institutional investors; and develop next-generation payment infrastructure for the AI Agent era.
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Source:Odaily · Source Link
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