Svmuu News: Ondo Finance and Japanese financial group SBI Group have announced a strategic partnership. The two parties will jointly promote the tokenization of Japanese stock assets and explore the use of yen-pegged stablecoins for on-chain settlement and collateralization.
Ondo stated that, as one of the world’s largest issuers of tokenized stocks, this partnership will connect Japan’s mature capital markets with the global tokenized finance ecosystem, expand the on-chain accessibility of Japanese assets, and promote Ondo’s tokenized products to Japanese investors through the SBI Group ecosystem. Under the partnership plan, the two parties will advance the following initiatives:
Issuing tokenized Japanese assets through Ondo’s subsidiary, Ondo Global Markets (BVI) Limited;
Using the JPYSC yen-pegged stablecoin launched by SBI to provide on-chain settlement and collateral support for Ondo’s tokenized assets;
Distributing Ondo’s tokenized financial products through the SBI Group’s ecosystem.