SBI Holdings Partners With Ondo Finance to Tokenize Japanese Equities

SBI Holdings has partnered with Ondo Finance to tokenize Japanese equities as tokenized stocks approach $13 billion in market value, according to The Block data. According to NS3.AI, the companies said SBI's JPYSC stablecoin will be used for settlement and collateral. SBI also became the sole investor in Gauntlet's $125 million Series C and EDX Market's $75 million Series C in just the past month. The moves add to SBI's recent activity in digital asset and market infrastructure investments.