SBI Global Asset Management and DigiFT have launched a tokenized version of a Japanese equity high-dividend strategy, called the "SBI Japan High Dividend Equity Strategy Token (JX)," on July 15. The token is offered to qualified and institutional investors in Singapore, providing blockchain-based access to a fund strategy managed by SBI Asset Management. Instead of directly tokenizing individual Japanese stocks, the initiative connects the fund strategy to DigiFT's platform, which runs on the Solana blockchain.
How the Token Works
The JX token does not represent direct ownership of specific Japanese stocks but rather a strategy focused on high-dividend equities. Notably, the token is designed not to distribute dividends at either the fund or token level. DigiFT highlighted that this is the first time a listed equity strategy from a Japanese asset manager has been brought on-chain through its infrastructure, positioning JX as a model that links existing investment strategies with a regulated digital asset platform.
Related Stablecoin PoC
On the same day, SBI Global Asset Management and DigiFT, together with Startale Group, announced the launch of a testnet proof-of-concept (PoC) exploring the use of a yen-denominated stablecoin called "JPYSC." The PoC runs on Ethereum's testnet, using test tokens that simulate JPYSC to automate subscription payments for Japanese equity funds and dividend payouts for other tokenized products. While JX offers an on-chain investment product, the PoC focuses on building future settlement and distribution infrastructure. The two companies aim to advance both the tokenization of Japanese equity strategies and the development of supporting payment rails in parallel.