Ondo Finance, a firm focused on tokenizing RWAs, has formed a partnership with SBI Group to tokenize assets in Japan. SBI Group is one of Japan’s largest financial services conglomerates, operating in banking, investing, asset management, and, more recently, digital assets.
In a post on X, Ondo Finance CEO Ian De Bode said, “Japan is one of the most sophisticated capital markets in the world, and SBI sits at the center of it. This collaboration creates a path to bring Japanese assets onchain.”
Yoshitaka Kitao, Representative Director, Chairman, President & CEO, SBI, described Ondo as a global leader in tokenization as they form a global corridor for digital assets.
Ondo Finance announced yesterday that it had launched its first tokenized equities using the new DTCC tokenization service, which carry the same CUSIP and symbol as the underlying securities.
De Bode explained they are the only company building all pathways for US securities tokenization.
“…DTCC demonstrates that Ondo Stocks infrastructure is purpose-built to interoperate with institutional market infrastructure, not to compete with it. As tokenized securities markets continue to evolve, Ondo expects to play a leading role in bringing these assets onchain for investors.”
Ondo holds a mission of supporting institutional-grade financial products. It operates an asset management entity for tokenized products as well as a tech segment to develop decentralized protocols.
