Ondo Finance token surges following a partnership with Japan’s SBI Group and a landmark integration with the DTCC’s tokenization initiative.

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.

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

Ondo Finance token surges following a partnership with Japan’s SBI Group and a landmark integration with the DTCC’s tokenization initiative.

Tokenized ETFs have crossed $500M in market cap, with Ondo Finance commanding a 66.4% share thanks to its expanding catalog of over 440 on-chain assets.