SBI Holdings and Solana Foundation have formed a strategic partnership to develop onchain financial markets connecting Japan’s regulated institutions with blockchain liquidity across Asia. So
SBI Holdings and Solana Foundation have formed a strategic partnership to develop onchain financial markets connecting Japan’s regulated institutions with blockchain liquidity across Asia.
Solana Foundation will join SBI R3 Japan alongside existing shareholders SBI and Sumitomo Mitsui Financial Group, one of Japan’s three megabanking groups. The company plans to change its name to SBI Solana Global, subject to the required corporate procedures.
The new partnership puts Solana at the center of the venture’s next growth strategy, expanding a company established in 2019 to bring distributed ledger infrastructure into banking, securities, real estate and supply chains.
SBI R3 Japan was originally created as a joint venture between SBI and enterprise blockchain developer R3. SMFG later acquired a stake and placed one of Japan’s largest banking groups inside the business.
SBI Solana Global will focus on five business lines built around the Solana network.
The venture will support the issuance and circulation of stablecoins, including SBI and Startale’s yen-denominated JPYSC. It will also work on tokenized corporate bonds, commercial paper, investment funds and real estate, alongside cross-border settlement infrastructure and onchain services for institutional investors.
A fifth business line will target payment infrastructure for AI agents, giving automated software systems access to programmable settlement tools.
JPYSC launched in June through a trust structure involving SBI Shinsei Trust Bank, SBI VC Trade and Startale. SBI VC Trade will begin accepting applications on July 16 for a 12-week JPYSC lending campaign carrying a 3% annualized rate.
The stablecoin remains limited to SBI VC Trade accounts, with public-chain withdrawals yet to open. The Solana partnership creates a potential distribution and settlement route once external circulation receives the required legal and regulatory clearance.
SBI has already moved parts of its digital-asset infrastructure onto Solana. Institutional market maker B2C2 added the network as a settlement rail for stablecoin transactions in April after forming a separate partnership with Solana Foundation.
Solana’s tokenized asset market has also expanded rapidly, with quarterly spot volume more than doubling to $5.7 billionas tokenized equities and other real-world assets gained traction.
SBI Solana Global has not disclosed launch dates for its stablecoin, tokenized securities, cross-border settlement or institutional service lines.
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