Woofun AI reports that the SOL Foundation and SBI announced a strategic partnership on July 13 to develop Japan’s on-chain financial market. The SOL Foundation will invest in SBI R3 Japan alongside existing shareholders SBI and SMFG, with the entity set to be renamed "SBI Solana Global Co., Ltd. (provisional name)".

The new venture will focus on five areas centered around the SOL network: supporting JPYSC stablecoin issuance, facilitating corporate bonds and tokenized RWA circulation, developing cross-border payment infrastructure, providing on-chain services for institutional investors, and building payment infrastructure for the AI Agent era. Both parties aim to use the Japanese market as a starting point to promote stock connectivity with Asian and global markets.