Ondo Finance and the Japanese financial giant SBI Group announced a strategic partnership aimed at tokenizing Japanese stocks and expanding the market for tokenized assets.
Key areas of the partnership:
• Tokenization and issuance of Japanese assets on the blockchain via Ondo Global Markets.
• Use of the stablecoin JPYSC, developed by SBI, for on-chain settlements and collateralization.
• Distribution of tokenized assets through SBI Group’s infrastructure.
Ondo noted that Japan is one of the most developed capital markets in the world, and the collaboration with SBI will connect Japanese financial assets to the global ecosystem.
+6% to ONDO price amid the news
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