Ondo Finance partners with SBI Group to tokenize Japanese stocks

Ondo Finance (ONDO) has entered into a strategic partnership with Japanese financial giant SBI Group, according to a company blog post. The two companies plan to tokenize Japanese stocks on-chain and distribute Ondo's tokenized assets through the SBI Group ecosystem. They will also utilize SBI's yen stablecoin, JPYSC, for on-chain payments and as collateral. The collaboration aims to connect Japan's capital markets with the global token economy, expanding access to Japanese assets for investors worldwide.