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XRP 
RLUSD Japanese financial giant SBI Group has reached a strategic cooperation with Ondo Finance to promote the tokenization of Japanese stocks.
SBI Group, a large Japanese financial group and long-term partner of Ripple, announced the establishment of a strategic cooperation with Ondo Finance to jointly launch tokenized Japanese stock products for domestic and foreign markets.
Strategic cooperation uses blockchain technology to empower the Japanese stock market
Under the new agreement, Ondo Finance, which focuses on tokenization of real-world assets, plans to issue digital representation of Japanese stocks through its subsidiary Ondo Global Markets (BVI) Limited. SBI Group will use its extensive financial network in Japan to distribute these tokenized stock products, aiming to provide investors with easier access to one of the world's largest capital markets.
A key element of this cooperation is the use of SBI's JPYSC stablecoins for settlement and as collateral within the platform. This approach makes blockchain-based trading of Japanese stocks possible, connecting traditional markets with the expanding global ecosystem of tokenized assets.
Both parties emphasized that this cooperation will go beyond mere distribution and involve a wider range of collaboration. The two companies have agreed to promote each other's products and services in an effort to accelerate the adoption of tokenized financial instruments by institutional and retail investors in Japan and overseas.
Ian De Bode, CEO of Ondo Finance, said that Japan has an advanced capital market, and SBI's extensive layout will help introduce Japanese assets into the chain and serve domestic and foreign investors. He described the alliance as a bridge connecting Japan's mature financial industry and the global tokenized economy, while enabling blockchain-based yen settlement.
Small Dictionary: SBI Group is one of Japan's largest financial services companies, with businesses covering banking, securities, asset management and financial technology solutions.
SBI's close relationship with Ripple promotes tokenization landscape
This cooperation coincides with another milestone for Ondo Finance. Last month, XRP Ledger (XRPL) overtook Ethereum and Solana to become the preferred blockchain for Ondo's tokenized U.S. Treasury funds, with approximately US$274 million in assets on the chain. This progress marks an important step in XRPL becoming the network of choice for institutional tokenization products.
Ripple is not directly involved in the latest cooperation between SBI and Ondo. However, due to the deep relationship between SBI Group and Ripple since 2016, this move has attracted much attention. SBI is currently one of Ripple's largest shareholders and one of the main forces driving XRP and blockchain adoption in Asia.
The two companies jointly founded SBI Ripple Asia, which is committed to modernizing cross-border payments in regional banks and supporting companies to more broadly integrate blockchain technology through the XRP ecosystem.
SBI Group's layout in the digital asset field includes regulated exchanges, asset custody and the creation of stablecoins. Recently, SBI VC Trade became the first regulated entity in Japan to support Ripple's RLUSD stablecoin, highlighting its commitment to the Ripple ecosystem.
As blockchain-based tokenization changes the global financial landscape, SBI's alliance with Ondo Finance further consolidates its leadership position in this emerging field. The partnership also expands the institutional ecosystem around XRP Ledger, highlighting its growing importance in the growing real-world asset tokenization market.
In addition to digital stocks, SBI's expanded tokenization strategy puts it in a strong position in next-generation blockchain finance and strengthens XRPL's role as a core infrastructure provider for asset tokenization.
