TechFlow reports that on July 16, according to official news, Ondo Finance and Japan's SBI Group announced a strategic partnership, and both parties will jointly promote bringing Japanese stock assets on-chain.
According to the cooperation arrangement, Ondo Global Markets (BVI) Limited will be responsible for issuing tokenized Japanese assets, while SBI Group will distribute Ondo's tokenized products within its ecosystem.
Additionally, both parties plan to use SBI's JPYSC stablecoin as an on-chain settlement and collateral tool, and leverage their respective customer, channel, and partner networks to advance the implementation of related products.
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