SBI Drops First Tokenized Japanese Equity Fund Onchain, Solana Bags the Receipt 📜

SBI Global Asset Management, working with regulated real-world asset exchange DigiFT, has launched the SBI Japan High Dividend Equity Strategy Token (JX token), describing it as the first tokenization of a Japanese equity fund on a public blockchain. The firm announced the product in an X post on July 15.

The JX token offers accredited and institutional investors on-chain exposure to a high-dividend Japanese equity strategy run by SBI Asset Management Co., a longstanding partner of Ripple. DigiFT, which is licensed in Singapore and Hong Kong for RWA trading, is facilitating the issuance and on-chain distribution, marking the first time a Japanese equity fund has been tokenized and brought on-chain through its platform.

The fund's underlying portfolio was tokenized using the ERC20 standard and bridged to Solana, where the JX token is now live. SBI said the dual-chain deployment is part of its broader push into tokenization across both Ethereum-compatible networks and high-throughput chains such as Solana, and that the structure is designed to let traditional equity exposures settle and transfer like any other digital asset.

The launch comes as SBI continues to deepen its ties with Ripple, including work on the RLUSD stablecoin, and as DigiFT expands its roster of tokenized money-market products and short-duration instruments issued in partnership with institutions such as UBS Asset Management. SBI Global Asset Management is a subsidiary of SBI Holdings, the financial conglomerate that has co-developed Ripple's Japan-focused liquidity and remittance infrastructure.

Neither SBI nor DigiFT disclosed the initial size of the JX token allocation or the exact number of underlying stocks in the basket, and both said further details on additional share classes and distribution partners will be released in subsequent filings.