Japanese financial services giant SBI Holdings is partnering with the Solana Foundation to deepen the adoption of blockchain-based finance, marking one of Japan’s most significant initiatives focused on regulated stablecoins and tokenized real-world assets.
According to an official press release, the companies will work together to build an on-chain financial market in Japan, using Solana’s blockchain to support digital asset issuance, cross-border settlements, and institutional financial services.
The initiative will be led by SBI R3 Japan Co., Ltd., which plans to change its trade name to SBI Solana Global Co., Ltd. Backed by SBI Holdings and Sumitomo Mitsui Financial Group (SMFG), the company will develop blockchain-based financial infrastructure alongside the Solana Foundation.
Stablecoins and RWAs at the core
The announcement builds on Japan’s recent push into regulated digital assets. Last month, the country launched JPYSC, its first trust-backed yen stablecoin, through a joint initiative between SBI Group and Web3 infrastructure developer Startale Group.
Introduced on June 24, JPYSC marked a major milestone in Japan’s digital asset strategy, with SBI Shinsei Trust Bank serving as the issuer and SBI VC Trade handling primary distribution. Unlike earlier yen-backed digital tokens, JPYSC is regulated as a Type III Electronic Payment Instrument under Japan’s amended Payment Services Act, allowing it to operate within the country’s regulated financial framework.
The stablecoin is backed by cash and Japanese government bonds held in segregated trust accounts, underscoring Japan’s regulated approach to bringing blockchain-based payments into the traditional financial system.
Building on this momentum, SBI Solana Global plans to support the issuance and distribution of stablecoins, including JPYSC, while helping structure and distribute tokenized real-world assets (RWAs) such as corporate bonds, commercial paper, investment funds, and real estate. The company also plans to develop cross-border settlement infrastructure, provide on-chain financial services for institutional investors, and build next-generation payment systems designed for the emerging AI-agent economy.
Why Solana and why Japan?
The companies said the partnership combines Japan’s mature financial markets and progressive regulatory framework with Solana’s high-speed, low-cost blockchain network.
Solana has become one of the industry’s leading Layer-1 blockchains, known for its high transaction throughput and growing ecosystem of decentralized finance and tokenization projects. SBI believes the network can serve as the foundation for financial applications requiring fast, efficient settlement.
By connecting Japan’s domestic financial market to Solana’s global ecosystem, the partners aim to provide Japan-originated digital financial assets with access to international liquidity while strengthening the country’s position in the expanding on-chain economy.
Building on Japan’s stablecoin push
SBI Holdings and the Solana Foundation said they plan to expand the initiative beyond Japan, working with partners across Asia and global markets.
Through SBI Solana Global, the companies intend to provide end-to-end support across the technology, issuance, distribution, and settlement of digital financial assets. As tokenized assets and regulated stablecoins continue to gain traction globally, the partnership aims to position Japan as a leading hub for on-chain finance in Asia.
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