SBI Holdings, Mesh and Money Forward plan Japan stablecoin payments venture

SBI Holdings said on Sept. 30 it plans to establish a joint venture with digital asset payments network Mesh and fintech firm Money Forward to build digital asset and stablecoin payment infrastructure in Japan. The venture is targeting a fourth-quarter 2026 launch, subject to a final agreement and regulatory approval. The three companies plan to work on account linking and asset transfers between exchanges and wallets, streamlining digital asset purchase and onboarding procedures, building regulated stablecoin infrastructure, and managing tokenized assets for financial institutions and corporations. They are also reviewing cross-border payment infrastructure connecting digital assets, stablecoins and fiat currencies.