Woofun AI reports that SBI Holdings has entered a strategic partnership with the Solana Foundation to develop an on-chain financial market centered in Japan. Under this agreement, the Solana Foundation will invest in SBI R3 Japan, which is scheduled to be rebranded as SBI Solana Global. The new entity will utilize the Solana blockchain to facilitate the issuance and circulation of stablecoins, including the JPYSC Japanese Yen stablecoin. It will also advance the tokenization and distribution of real-world assets such as corporate bonds, commercial paper, funds, and real estate.

Furthermore, the initiative aims to establish cross-border settlement infrastructure, provide on-chain financial services for institutional investors, and create payment infrastructure for AI Agents. SBI also announced that it will launch a JPYSC deposit product application via SBI VC Trade on July 16th, offering a 3% annual interest rate. This follows recent investments in Gauntlet and EDX Markets, as well as the acquisition of Japanese cryptocurrency exchange Bitbank.