SBI Debuts World’s First Tokenized Japan Equity Fund on Solana

The JX token provides blockchain-based ownership of a high-dividend strategy managed by SBI Asset Management Co. While the product currently supports settlements in USDC, the firms plan to integrate a Japanese yen stablecoin in the future. Investors will have the flexibility to deploy these tokens within decentralized finance protocols, including lending and asset management platforms such as Morpho.

DigiFT founder Henry Zhang noted that the initiative aims to bring institutional-grade assets to infrastructure that managers can trust. Although SBI maintains deep ties with Ripple—including ongoing projects involving the XRP Ledger and the JPYSC stablecoin—the choice of Solana was driven by DigiFT’s existing tokenization framework. This move underscores SBI’s broader strategy of multi-chain expansion, which recently included preparations for a 3% yield-bearing lending product for its JPYSC stablecoin via SBI VC Trade.