SBI Global Asset Management has launched what it calls the world’s first tokenized Japanese equity fund — and it did so on Solana.
On July 15 the firm, working with regulated real-world-asset exchange DigiFT, unveiled the SBI Japan High Dividend Equity Strategy Token (ticker: JX). The token brings a high-dividend Japanese equity strategy on-chain for accredited and institutional investors, marking DigiFT’s first on-chain tokenization of a Japanese equity fund.
Key points
- Product: SBI Japan High Dividend Equity Strategy Token (JX).
- Partners: SBI Global Asset Management and DigiFT.
- Blockchain: Solana — DigiFT’s tokenization infrastructure is built on this network.
- Target investors: accredited and institutional investors.
- Strategy: exposure to a Japanese high-dividend equity strategy managed by SBI Asset Management Co.
- Settlements: supports USDC today; integration with a yen-backed stablecoin is planned later.
- DeFi utility: token holders can use JX in decentralized finance protocols, including lending and asset-management platforms such as Morpho.
DigiFT founder Henry Zhang framed the move as part of the company’s mission to put institutional-grade assets on trusted blockchain infrastructure, saying JX extends that mission into Japan.
Why Solana (and why this matters)
SBI’s choice of Solana stems from DigiFT’s platform architecture, not a shift away from SBI’s longstanding collaborations with Ripple. SBI has worked with Ripple since 2016 through initiatives like SBI Ripple Asia and recently around the RLUSD stablecoin, and the two continue to cooperate on XRP and XRP Ledger adoption in Japan. The JX launch therefore expands SBI’s multi-chain digital-asset footprint rather than replacing earlier partnerships.
Context: tokenized real-world assets gaining momentum
The JX launch arrives amid growing interest from asset managers in tokenizing traditional investment products. Tokenization promises easier on-chain distribution, fractional ownership, and new liquidity pathways — including DeFi lending and composability — for assets that have historically been off-chain and institutionally managed.
SBI’s broader digital-asset push
The equity token complements other steps by SBI into blockchain-based finance. The group has been building its yen-stablecoin business: JPYSC, Japan’s first trust bank–backed yen stablecoin, was issued by SBI Shinsei Trust Bank to cut transaction costs and support large-value transfers. Separately, SBI VC Trade is preparing a lending product tied to JPYSC that would offer a fixed 3% annual yield, reportedly requiring a three-month lockup and possibly launching soon.
Bottom line
By putting a high-dividend Japanese equity strategy on Solana via DigiFT, SBI is testing new blockchain distribution channels for institutional products while keeping multiple strategic relationships intact — a sign of how traditional asset managers are experimenting with tokenization without abandoning existing crypto partnerships.
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