Solana Foundation acquires a stake in SBI R3 Japan, joint venture to be renamed SBI Solana Global
According to Foresight News, the official website of SBI reports that SBI and the Solana Foundation have issued a joint announcement. On July 13, both parties announced the launch of a strategic partnership to jointly promote the construction of Japan's on-chain financial market. Under the cooperation agreement, the Solana Foundation will acquire shares in SBI R3 Japan, working together with existing shareholders SBI and Sumitomo Mitsui Financial Group (SMFG) to advance a new growth strategy. The company plans to be renamed "SBI Solana Global Co., Ltd. (tentative name)".
SBI Solana Global will advance five major business areas around the Solana network: support for the issuance and circulation of stablecoins such as the yen stablecoin JPYSC, the composition and circulation of corporate bonds and tokenized RWA, construction of cross-border payment infrastructure, on-chain financial services for institutional investors, and development of next-generation payment infrastructure for the AI Agent era. Both parties stated they will use the Japanese market as a starting point to promote interconnectivity with Asian and global markets.
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