Japanese financial giant SBI Holdings has announced a strategic partnership with the Solana Foundation to jointly develop Japan’s on-chain financial market. As part of the cooperation, the Solana Foundation will join SBI R3 Japan (to be renamed SBI Solana Global in the future), and work with SBI and Sumitomo Mitsui Financial Group (SMFG), one of Japan’s three major banking groups, on new growth strategies. SBI Solana Global plans to leverage the Solana network to support yen stablecoin issuance, tokenization of RWAs (including corporate bonds, commercial paper, funds and real estate), cross-border payment infrastructure, institutional-grade on-chain financial services, and next-generation payment infrastructure for the AI Agent era.