Svmuu News: SBI Group, DigiFT, and Startale Group have completed a joint proof of concept, demonstrating the full lifecycle of tokenized securities—including real-time settlement of fund subscriptions and automatic on-chain dividend distribution—using the JPYSC yen-pegged stablecoin in the Ethereum testnet environment.
SBI Group and DigiFT are advancing the tokenization of the SBI Japan High Dividend Equity Fund, which is managed by SBI Asset Management. With approximately $1.3 billion in assets under management, it is one of Japan’s leading publicly traded equity strategies.
The three parties completed two tests: one demonstrating the use of JPYSC for near-instant settlement of fund subscriptions, and another using smart contracts to automatically calculate and distribute dividends to eligible token holders’ wallets upon completion of the distribution registration.
The three companies plan to explore integrating tokenized Japanese stocks with institutional DeFi platforms and are considering testing use cases such as collateralized lending and on-chain asset management in collaboration with ecosystem partners including Morpho and Gauntlet.