SBI Partners With Solana to Expand Japan’s Tokenized Asset Market

• SBI Holdings partnered with Solana to expand Japan’s tokenized asset infrastructure through SBI Solana Global alongside SMFG initiatives and stablecoins.
• Ripple remains responsible for enterprise payment infrastructure while Solana powers programmable financial products within SBI’s multichain blockchain strategy for institutions.
• Solana’s $3.3 billion RWA ecosystem and 697 active projects give SBI immediate liquidity access before expanding across Asian financial markets.

 

SBI Holdings has partnered with the Solana Foundation to accelerate the development of tokenized financial products in Japan. As part of the agreement, SBI R3 Japan will be renamed SBI Solana Global, reflecting a strategic shift toward public blockchain infrastructure for regulated digital assets.

The initiative also brings together Sumitomo Mitsui Financial Group (SMFG) as the companies work to expand the issuance of tokenized assets and improve access to global capital markets. Through the partnership, SBI aims to strengthen Japan’s position in the growing real-world asset (RWA) sector while maintaining its broader blockchain strategy.

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SBI expands tokenization strategy with Solana

SBI Solana Global will focus on tokenizing a wide range of financial products. The platform will support the issuance of the yen-backed JPYSC stablecoin alongside tokenized corporate bonds, commercial paper, and real estate assets. Additionally, the infrastructure will facilitate cross-border transfers and micropayments between autonomous AI agents. These capabilities are expected to improve settlement efficiency while opening new use cases for regulated digital assets.

The reorganization also marks a significant shift for SBI R3 Japan. The business originally centered on Corda, a private enterprise blockchain designed for institutional transactions. However, SBI has decided to prioritize Solana’s public blockchain infrastructure because of its high transaction capacity, low fees, and mature developer ecosystem.

Even so, the company is not abandoning its existing blockchain partnerships. Ripple will remain responsible for supporting enterprise payment infrastructure and business-to-business settlement services across SBI’s financial network. Instead, Solana will provide the programmable environment needed for digital securities and other tokenized financial products. Consequently, SBI can leverage different blockchain networks for specialized financial services.

Solana’s growing RWA ecosystem influenced the decision

Market data also supports SBI’s decision to build its tokenization platform on Solana. Data from rwa.xyz ranks Solana among the largest blockchain networks for tokenized real-world assets. The network currently hosts approximately $3.3 billion in tokenized assets across 697 active projects. By comparison, Avalanche supports roughly $2.1 billion, while the XRP Ledger accounts for about $322.9 million in tokenized assets.

Moreover, Solana’s established ecosystem gives SBI immediate access to existing liquidity, developers, and institutional participants. This reduces the time required to launch new financial products while supporting wider adoption. The company plans to scale SBI Solana Global across Japan before expanding into major financial markets throughout Asia. As a result, SBI intends to build regulated blockchain infrastructure capable of supporting regional tokenized asset markets.

Public blockchain becomes a larger part of SBI’s digital asset strategy

SBI’s latest move highlights how traditional financial institutions are increasingly incorporating public blockchain networks into regulated financial services. Rather than relying exclusively on private infrastructure, the company is combining multiple blockchain platforms to support different business requirements.

While Ripple will continue handling enterprise payment solutions, Solana will play a larger role in tokenized securities and programmable financial products. That approach allows SBI to expand its digital asset offerings without replacing its existing financial infrastructure.

SBI Holdings’ partnership with the Solana Foundation signals a broader commitment to public blockchain technology for tokenized finance. By combining Solana’s smart contract capabilities with its established financial network, SBI is positioning its digital asset business to support the expanding market for regulated real-world assets across Japan and Asia.

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