Japan's First Onchain Equity Strategy SBI Global Asset Management and DigiFT have launched the JX Token on Solana, creating what both firms describe as a first for Japan's asset management in
SBI Global Asset Management and DigiFT have launched the JX Token on Solana, creating what both firms describe as a first for Japan's asset management industry. The product, formally named the SBI Japan High Dividend Equity Strategy Token, is designed to give accredited and institutional investors onchain access to a Japanese high-dividend equity fund strategy managed by SBI Asset Management, a subsidiary of SBI Global Asset Management.
The launch marks the first time a Japanese asset manager's listed-equity strategy has been brought onchain through DigiFT's regulated tokenization and distribution infrastructure. Ecosystem participants in the launch include Solana Company, Huma Finance and Plume.
DigiFT holds Capital Markets Services and Recognised Market Operator licences from MAS, as well as Type 1 and Type 4 licences from the Hong Kong SFC, a dual regulatory standing that has made it a tokenization and distribution partner for global and regional asset managers including UBS Asset Management, Invesco, BNY and Franklin Templeton. Its roster now extends into Japan through SBI GAM's participation, adding a Japanese listed-equity strategy to that lineup for the first time.
The launch comes as investor attention returns to Japanese equities, supported by the Tokyo Stock Exchange's continued push for listed companies to improve capital efficiency and demonstrate greater awareness of share-price performance. SBI Holdings itself brings considerable onchain credentials to the partnership. The group has taken direct stakes across the region's tokenization infrastructure, including leading a $50 million investment in Startale Group to build a blockchain purpose-built for tokenized securities, and holding a majority stake in Osaka Digital Exchange, operator of a secondary market for security tokens in Japan.
The JX Token's structure is also designed with the regulatory direction of travel in mind. Regulators are increasingly distinguishing tokenized securities developed with issuer or manager alignment from products that offer only indirect economic exposure. In a joint staff statement issued January 28, 2026, U.S. SEC staff drew a formal line between issuer-sponsored tokenized securities, which can represent true ownership, and third-party products that typically offer only synthetic exposure.
The launch also reflects a broader evolution in tokenization: the value of tokenized RWAs distributed on public blockchains grew from $5.9 billion to $21.9 billion globally in 2025, moving the category beyond cash-like instruments and into actively managed public-market strategies. According to a report by RedStone, Gauntlet and RWA(.)xyz cited by CoinDesk, the RWA tokenization market reached $24 billion having grown 380% in three years.
For $SOL, the deal adds another institutional use case. SBI Holdings recently announced that the Solana Foundation will take an equity stake in SBI R3 Japan, the joint venture it shares with Sumitomo Mitsui Financial Group, with the entity to be renamed SBI Solana Global. The JX Token launch now gives that broader strategic relationship its first live regulated product on the Solana network.
Sources:The Manila Times: SBI Global Asset Management and DigiFT Launch JXCoinDesk: SBI Holdings' Blockchain Initiative Pivots to SolanaCoinDesk: RWA Tokenization Market Has Grown Almost Fivefold to $24B in 3 Years
