SBI Holdings and Solana Foundation Form Venture to Build On-Chain Market in Japan

The renamed entity will issue yen-linked stablecoins and tokenized assets on Solana after the initiative shifts from its prior ledger.

SBI Holdings and the Solana Foundation announced a partnership Monday to launch Japan's first on-chain financial market. The deal redirects SBI's blockchain work onto the Solana network specifically for stablecoin issuance and real-world asset tokenization.

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