SBI Global Asset Management has launched the world’s first tokenized Japanese equity fund on the Solana blockchain, in partnership with regulated real-world asset exchange DigiFT. The JX token gives accredited and institutional investors on-chain access to a high-dividend Japan equity strategy managed by SBI Asset Management Co. The announcement was made on July 15.
Solana powers the tokenized fund
The JX token is built on Solana using DigiFT’s tokenization infrastructure, marking DigiFT’s first on-chain tokenization of a Japanese equity fund. The product combines traditional Japanese equities with blockchain-based ownership, allowing investors to access institutional-grade assets on-chain. Settlements are supported in USDC, with plans to integrate a Japanese yen stablecoin later. Token holders will also be able to use the asset in decentralized finance applications like lending and asset management protocols, including Morpho.
DigiFT founder Henry Zhang said the company’s mission has always been to bring real, institutional-grade assets on-chain through infrastructure that investors and asset managers can trust. He noted that the JX token extends that mission to Japan for the first time.
SBI’s multi-chain strategy
Although SBI Holdings has worked closely with Ripple since 2016, the new equity fund was launched on Solana because DigiFT’s platform is built on that network. The move adds another blockchain to SBI’s digital asset strategy rather than replacing its existing relationship with Ripple. SBI and Ripple continue to collaborate on expanding XRP and XRP Ledger adoption in Japan, including a recent partnership with Doppler to encourage institutional use of XRP.
SBI is also expanding its yen-backed stablecoin business. The financial group is preparing to introduce a lending product offering a fixed 3% annual yield on its JPYSC stablecoin through SBI VC Trade. The service, which could launch as early as this month, requires users to lock their JPYSC holdings for three months. JPYSC is Japan’s first trust bank-backed yen stablecoin, issued by SBI Shinsei Trust Bank, designed to reduce transaction costs and support large-value transfers for both retail and institutional users.