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Japan’s SBI Holdings and the Solana Foundation have formed a strategic partnership to create an onchain financial market. This market will connect stablecoins, tokenized assets, and cross-border payments.
The project aims to develop blockchain-based financial infrastructure that starts in Japan and links to global markets via the Solana network. As part of this effort, SBI R3 Japan will be renamed SBI Solana Global. The Solana Foundation will take part in the company.
BREAKING: SBI Holdings is building a Japan-led onchain financial market on Solana.
With SMFG, a G-SIB, they're bringing RWA and stablecoin markets from Japan to the world. pic.twitter.com/3RBFszoBD6
— Solana (@solana) July 13, 2026
A central element of the partnership is the creation and distribution of yen-denominated stablecoins, such as JPYSC. The two sides also plan to examine the tokenization of real-world assets (RWAs), including corporate bonds and real estate. These assets would be issued, traded, and settled on blockchain systems instead of depending fully on traditional finance.
Stablecoins are set to act as the main settlement layer for these tokenized markets. This setup would enable faster and more efficient value transfers for users and institutions across blockchain networks.
The initiative will further explore cross-border payments and settlement services. It could connect Japanese financial products with international investors and liquidity pools.
The partnership includes restructuring SBI R3 Japan, originally set up around the enterprise blockchain provider R3, into a wider digital finance platform. The restructured entity will operate as SBI Solana Global. It will combine SBI’s financial services network with Solana’s public blockchain. Sumitomo Mitsui Financial Group is also expected to join the effort.
SBI had earlier announced work between R3 and the Solana Foundation to link R3’s Corda platform with Solana. That earlier project aimed to merge permissioned institutional networks with the openness and liquidity of a public blockchain. The new partnership builds on this by creating a Japan-centered financial market that includes stablecoins, tokenized securities, and payments.
This agreement boosts Solana’s standing as infrastructure for institutional financial uses, beyond just decentralized exchanges and retail crypto applications. Solana is built for fast transaction processing with low fees and high capacity — qualities well-suited for frequent stablecoin transfers and settling tokenized instruments.
Solana has been building ties with SBI-related firms. For instance, SBI’s digital asset trading unit, B2C2, already uses Solana for settling certain stablecoin transactions. These steps indicate that SBI is following a multichain approach while assigning a bigger part to Solana in its stablecoin and tokenization strategy.
The partnership aligns with SBI’s ongoing investments in digital securities and blockchain trading systems. In March, the group reportedly put resources into tokenized securities platforms and related projects for issuing and trading RWAs.
A recent cross-border security token trial involving SBI and other firms tested settlement with USDC (USDC). This reflects broader efforts to link Japan’s mostly domestic tokenized market with worldwide blockchain liquidity.
By joining these efforts, the Solana partnership could create unified infrastructure for issuing, distributing, trading, and settling assets across borders.
Although the partners have described their goals, the project’s success will rely on regulatory approvals, strong institutional involvement, and sufficient demand and liquidity for yen stablecoins. Even so, the deal marks an important move toward blending Japan’s regulated financial sector with public blockchain technology.
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