SBI, Solana Foundation partner to develop Japan’s on-chain financial market
The deal includes a Solana Foundation stake in SBI R3 Japan, which plans to rename itself SBI Solana Global, and joint work with Sumitomo Mitsui Financial Group on stablecoins, tokenized assets and payments.
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Fact Check
The official SBI Holdings press release (sbigroup.co.jp, dated 2026-07-13) directly confirms all claim elements: the strategic partnership with Solana Foundation, the renaming of SBI R3 Japan to SBI Solana Global, Solana Foundation joining the company alongside SBI and SMFG, and joint work on stablecoins (JPYSC), tokenized assets, and payments. FX News Group and PANews independently corroborate the same details.
Summary
SBI and the Solana Foundation said they have formed a strategic partnership aimed at expanding Japan’s on-chain financial market. As part of the agreement, the Solana Foundation will acquire a stake in SBI R3 Japan, which plans to rename itself SBI Solana Global. The parties said they will work with Sumitomo Mitsui Financial Group on growth initiatives spanning JPYSC stablecoin support, tokenized RWA (real-world assets on-chain), cross-border payments, institutional services and next-generation AI Agent payment infrastructure.
Terms & Concepts
- stablecoin: A token designed to track a stable asset.
- tokenized RWA: Real-world assets represented as blockchain-based tokens.
- cross-border payments: Money transfers made between different countries.