Home›Crypto›Market Structure›SBI Holdings pivots its blockchain venture to Solana f…

SBI Holdings pivots its blockchain venture to Solana for tokenization

The SBI Solana Global joint venture adds the Solana Foundation as a participant and lists stablecoin issuance, tokenized RWA support, and payments infrastructure for AI agents among its goals.

Reported · Written up by our desk · Market Structure

CoinDesk reports that SBI Holdings is redirecting its blockchain initiative toward Solana as it develops stablecoin and real-world asset tokenization efforts.

The joint venture, SBI Solana Global, which was previously known as SBI R3 Japan, now includes the Solana Foundation, a Switzerland-based organization that oversees the Solana layer-1 network, according to a Monday post on its website.

SBI Solana Global is also backed by Sumitomo Mitsui Financial Group, and the effort is intended to use the network to connect Japan’s domestic market with global liquidity, the outlet said.

In addition to stablecoin issuance and distribution, SBI lists support for structuring and distributing tokenized RWAs and developing payment infrastructure for AI agents among the venture’s functions.

Latest closeSolana $74.87 ▼2.6%

More like this

Sources