#JPYSC
4 articles tagged #JPYSC — curated RWA tokenization coverage.
Startale Group Joins SBI and DigiFT to Tokenize a $1.3 Billion Equity Fund With JPYSC Stablecoin
SBI Group, DigiFT, and Startale Group have successfully completed a proof-of-concept trial demonstrating the use of JPYSC, a trust-based Japanese yen stablecoin, to manage the full lifecycle of tokenized securities. Conducted on an Ethereum testnet, the initiative focused on the SBI Japan High Dividend Equity Fund, which manages approximately $1.3 billion in assets. The trials successfully replaced traditional, multi-day banking settlement cycles with near-instant settlement for fund subscriptions. Furthermore, the project utilized smart contracts to automate dividend distributions directly to investor wallets, eliminating manual administrative overhead. This development is significant for the RWA market as it addresses the persistent bottleneck where tokenized assets are often hampered by slow, legacy cash settlement infrastructure. By integrating a regulated stablecoin as the settlement layer, the partners have created a blueprint for more efficient, programmable capital markets. The collaboration aims to enhance the global competitiveness of Japan's financial sector while paving the way for future integration with institutional DeFi platforms.
SBI partners Ondo to tokenize Japanese securities
Ondo Finance has entered a strategic partnership with Japan's SBI Group to tokenize Japanese equities and integrate the JPYSC stablecoin, issued by SBI Shinsei Trust Bank. This collaboration aims to distribute Ondo’s tokenized stock products through SBI Group’s extensive brokerage network, including SBI Securities. Ondo Global Markets, which currently manages over $1 billion in tokenized stock issuance, will facilitate these offerings as structured products rather than direct equity ownership. These tokens function as loan notes backed one-to-one by underlying stocks held in custody by Alpaca, with security oversight provided by Ankura Trust. While the arrangement offers DeFi participants increased convenience, the tokens do not grant holders direct ownership rights and are restricted to non-U.S. investors. This move represents a significant expansion for Ondo, following its existing European collaboration with Deutsche Börse’s Clearstream and the 360X venue. By leveraging SBI’s infrastructure, the partnership highlights the growing institutional appetite for bridging traditional Japanese financial markets with blockchain-based distribution models.
SBI Group partners with Ondo Finance to tokenize Japanese stocks using yen stablecoin
SBI Group and Ondo Finance have partnered to tokenize Japanese equities, marking a significant integration of traditional Asian capital markets with onchain infrastructure. Under the agreement, Ondo Global Markets (BVI) Limited will manage the issuance of tokenized assets, which will be distributed through SBI’s extensive financial ecosystem. Transactions will be settled using JPYSC, a yen-denominated stablecoin launched by SBI Shinsei Trust Bank on June 24 with ¥10 billion in initial capital. Operating on the Ethereum blockchain, JPYSC serves as a critical payment and collateral mechanism for these digital assets. This collaboration aims to eliminate traditional settlement frictions, such as T+2 timelines and complex currency conversions, for both domestic and international investors. By leveraging SBI’s regulatory standing and Ondo’s tokenization expertise, the partnership seeks to create a global corridor for digital assets. This move represents a major step in institutionalizing onchain finance within one of the world's most advanced financial markets.
DigiFT, SBI Launch JX Token; Demonstrate JPYSC-Powered Settlement for Tokenized Securities
DigiFT and SBI Global Asset Management have launched the JX token, marking the first time a Japanese asset manager has brought a listed-equity strategy onchain. The token provides regulated access to the SBI Japan High Dividend Equity Fund, which manages over ¥200 billion in assets. Beyond the product launch, SBI Group, DigiFT, and Startale Group successfully demonstrated the use of the JPYSC stablecoin to power the full lifecycle of tokenized securities, including instant settlement and automated dividend distribution. This development is significant because it moves tokenization beyond simple cash-like instruments into the complex realm of actively managed public equities. By utilizing JPYSC, the project addresses the critical bottleneck of traditional settlement cycles and manual income processing that has historically hindered market modernization. The collaboration leverages DigiFT’s multi-jurisdictional regulatory licenses and SBI’s extensive financial infrastructure to create a compliant, institutional-grade ecosystem. This initiative aligns with Japan's broader push to modernize capital markets and improve corporate capital efficiency. Ultimately, the integration of regulated stablecoins with tokenized equity strategies signals a shift toward a more efficient, programmatic financial infrastructure in Asia.