Ondo Finance said it partnered with SBI Group to tokenize Japanese assets, with distribution across SBI's ecosystem and settlement in the JPYSC stablecoin.

SBI Group and Ondo Finance partner to tokenize Japanese equities, using SBI's JPYSC yen stablecoin for onchain settlement and collateral on Ethereum.

Japan's SBI Holdings will use JPYSC for settlement and collateral while distributing Ondo products through its network.