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SBI expands onchain finance with Ondo deal to tokenize Japanese stocks

The Block says SBI will use JPYSC for settlement and collateral as it distributes Ondo tokenized products through its network.

Reported · Written up by our desk · Market Structure

Japan’s SBI Holdings is extending its onchain finance push through a deal tied to Ondo’s tokenization products, The Block reports.

The arrangement is designed to support tokenized exposure to Japanese stocks, with settlement and collateral handled via JPYSC.

As part of the collaboration, SBI plans to distribute Ondo products through its existing network, according to The Block.

The Block reports the effort reflects a broader push to move more financial settlement and collateral workflows onto blockchain-based infrastructure.

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