Woofun AI reports that SBI Group, DigiFT, and Startale Group finalized a joint proof-of-concept using the JPYSC stablecoin on an Ethereum testnet. The demonstration covered the full lifecycle of tokenized securities, featuring immediate fund subscription settlement and automated on-chain dividend distribution to eligible wallets via smart contracts.

SBI Asset Management oversees the SBI Japan High Dividend Equity Fund, which holds approximately $1.3 billion in assets. The consortium conducted two specific tests: one verifying near-instant settlement of subscriptions and another executing automatic dividend calculations and distributions. The partners intend to investigate integrating these tokenized equities with institutional DeFi platforms, potentially testing collateralized lending and on-chain asset management alongside ecosystem entities such as Morpho and Gauntlet.