SBI And Solana Foundation Partner to Develop Japan’s On-Chain Finance Market

SBI and the Solana Foundation announced a strategic partnership on July 13 to jointly advance the development of Japan’s on-chain finance market. According to Foresight News, the announcement was published on SBI’s official website. Under the agreement, the Solana Foundation will take an equity stake in SBI R3 Japan and work with existing shareholders SBI and Sumitomo Mitsui Financial Group (SMFG) to pursue a new growth strategy. The company plans to change its name to “SBI Solana Global Co., Ltd.” on a provisional basis. SBI Solana Global will focus on five business areas built around the Solana network: supporting the issuance and circulation of stablecoins such as the yen stablecoin JPYSC; supporting the structuring and circulation of corporate bonds and tokenized real-world assets (RWA); building cross-border payment infrastructure; providing on-chain financial services for institutional investors; and developing next-generation payment infrastructure for the AI agent era. The two parties said they plan to start with the Japanese market and promote connectivity with markets across Asia and globally.