SBI Goes Full Tokenization Mode: JX Token Debuts, Ondo Bags the Mic 🎤

SBI Group, a long-time partner of Ripple, expanded its tokenization push on July 15 through two separate announcements covering a tokenized Japanese equity fund and a strategic partnership with Ondo Finance. SBI Global Asset Management, together with regulated real-world asset exchange DigiFT, launched the SBI Japan High Dividend Equity Strategy Token (JX token), which the companies described as the world’s first tokenization of a Japanese equity fund on a public blockchain. The JX token is offered to accredited and institutional investors and provides on-chain access to the high-dividend Japanese equity strategy managed by SBI Asset Management Co. SBI stated that the launch also represents the first time a Japanese equity fund has been tokenized and brought on-chain by DigiFT.

In parallel, SBI Group entered a strategic partnership with Ondo Finance aimed at accelerating the growth of tokenized finance in Japan. Under the arrangement, Ondo Global Markets (BVI) Limited will issue tokenized financial products tied to Japanese assets, which will be distributed through SBI’s financial ecosystem. The companies also plan to support SBI’s JPYSC stablecoin for use as settlement and collateral. SBI and Ondo said they will collaborate on joint marketing efforts and share products across their respective customer bases and strategic partnerships.

Ondo Finance CEO Ian De Bode highlighted Japan’s significance to the digital asset industry, stating, “Japan is one of the most sophisticated capital markets,” in remarks carried by SBI and Ondo. The partnership is intended to link Japanese financial assets to the broader international market for tokenized securities and to broaden investor access through SBI’s distribution network. SBI’s engagement with tokenization now spans the JX token issued with DigiFT, the product and stablecoin collaboration with Ondo Finance, and its longstanding relationship with Ripple.