SBI Group, DigiFT, and Startale Group have completed a joint proof-of-concept demonstrating the end-to-end lifecycle of tokenized securities using the JPYSC stablecoin.
Key Takeaways
SBI, DigiFT, and Startale completed 2 testnet trials using JPYSC to automate fund settlement and payouts.SBI and DigiFT will tokenize a $1.3 billion fund, opening Japanese equities to global institutions.The 3 partners will next integrate tokenized assets with DeFi platforms like Morpho and Gauntlet.“While the asset management industry has made significant progress in reducing the costs of ETFs and mutual funds, there remains considerable room for improvement in the market infrastructure supporting trading, settlement, and distribution,” said Tomoya Asakura, CEO of SBI Global Asset Management. Asakura added that the technologies could streamline operations, enhance investor experience, and strengthen the global competitiveness of Japan’s capital markets.
