SBI Group, one of Japan’s largest financial conglomerates, has partnered with Chainlink to develop use cases for tokenised real-world assets, tokenised funds, and stablecoins.
Initially focused on the Japanese market, the partnership aims to accelerate blockchain and digital asset adoption across global markets.
“We have been building very advanced fund tokenisation and stablecoin DvP use cases with SBI for a while now, and I am excited to see our great work move towards a state of production usage at a large scale,” said Sergey Nazarov, Co-Founder at Chainlink.
“SBI’s choice to rely on the Chainlink standard for their digital asset transactions shows that the security/reliability, compliance features, and cross-border connectivity of Chainlink are what is needed to do high-value institutional transactions.”
Recent research by SBI Digital Asset Holdings shows that 76% of respondents intend to invest in tokenised securities to benefit from lower costs, shorter settlement periods, and other key advantages.
However, the lack of institutional-grade market infrastructure for digital assets remains a significant entry barrier.
The partnership between SBI and Chainlink is centred on several key use cases for financial institutions in Japan and the wider APAC region.
This includes enabling cross-chain tokenised real-world assets, such as bonds, by utilising Chainlink’s Cross-Chain Interoperability Protocol (CCIP), and facilitating payment-versus-payment (PvP) for FX and cross-border transactions using Chainlink CCIP.
“With our combined strengths, we are delighted to be working together on developing groundbreaking, secure, compliance-focused solutions, including powering compliant cross-border transactions using stablecoins, that accelerate the widespread adoption of digital assets in Japan and the region,” said Yoshitaka Kitao, Representative Director, Chairman, President and CEO at SBI Holdings.
