Daily Crypto Briefs 
TOKYO, July 13, 2026
SBI Holdings and the Solana Foundation said Monday they will build an onchain financial market from Japan, putting planned stablecoin, tokenized-asset and cross-border-settlement services on Solana as SOL traded near $76.09.
The partnership places the Solana Foundation alongside SBI Holdings and Sumitomo Mitsui Financial Group in SBI R3 Japan, which plans to adopt the trade name SBI Solana Global. The parties did not disclose the Foundation’s stake, a launch date or commercial terms.
CoinGecko showed SOL up 13.7% over 30 days, although it was down 4.3% over seven days. The token had a roughly $44.3 billion market value, $1.42 billion in 24-hour volume and a $75.44 to $78.02 intraday range at the time of publication.
In its joint announcement, SBI said the venture would support the issuance and distribution of stablecoins, including JPYSC, and tokenized real-world assets such as corporate bonds, commercial paper, funds and real estate. It also listed cross-border settlement, institutional onchain financial services and payment infrastructure for AI agents as planned work.
The announcement extends SBI’s recent push into institutional crypto. Daily Crypto Briefs reported last week that SBI led Gauntlet’s $125 million Series C and separately backed EDX Markets, while the group agreed in June to acquire Japanese exchange Bitbank.
The deal is a commitment to build infrastructure, not evidence that large asset volumes have moved onchain. Its immediate significance is that a major Japanese financial group, an SMFG-backed venture and Solana are setting out a common vehicle for regulated digital assets in Japan and beyond.
Solana
SOLSBI Solana Global Targets Japan’s Stablecoin Market
The project centers on SBI R3 Japan, a company backed by SBI and SMFG that is expected to be renamed SBI Solana Global. The Solana Foundation will participate in that business, according to the companies, while its products are planned for deployment on Solana.
JPYSC is the near-term money leg named in the release. That creates a link to Japan’s already active stablecoin race, where MUFG, Mizuho and SMBC have targeted live transactions by March 2027 through a separate trust-type structure.
SBI did not say whether JPYSC will be issued on Solana immediately, identify prospective users or explain the reserve, redemption and compliance arrangements for any product in the venture. Those details are especially important for a cross-border settlement system, where a token’s usability depends on regulated off-ramp access as much as on blockchain speed.
The group described Japan’s financial assets, market-participant base and regulatory framework as the local strengths it wants to connect to Solana’s network and global liquidity. That is a strategic objective, rather than a confirmed measure of capital or transaction flow.
Tokenized Bonds and Real Estate Are in Scope
SBI Solana Global’s proposed remit goes beyond stablecoins. The official statement lists corporate bonds, commercial paper, funds and real estate among the tokenized assets it plans to support, covering instruments that require an issuer, transfer controls and clear investor rights.
That makes the initiative broader than a token listing or a consumer wallet integration. It brings the work closer to market plumbing: issuing an asset, distributing it to eligible investors and settling the transfer on the same rail. The companies have not said which of those products will arrive first or whether they will use public or permissioned access controls.
Solana already has a data point in the category. The Foundation said in June that the chain accounted for 97% of cumulative tokenized-equities spot-trading volume in May, as covered in our look at Solana’s $2.8 billion RWA market. That earlier figure was a network report, not a guarantee that this Japanese initiative will generate comparable activity.
The Japan venture can still create a different kind of test. Tokenized securities work only if the legal claim, transfer rules, liquidity providers and cash leg fit together. The announcement shows the parties want to take responsibility for more of that chain than a standalone blockchain provider ordinarily would.
Solana Partnership Leaves Key Details Open
The announcement arrives as institutional firms are increasingly testing tokenized collateral, securities and payment rails. It also shows why public-chain selection is becoming a business decision for banks and issuers, not only a technical one.
The market backdrop remains cautious. Alternative.me’s Crypto Fear and Greed Index read 28, or Fear, on July 13, after a value of 13 a month earlier.
Fear & Greed Index
July 13, 2026The deal does not by itself change Solana’s token economics or prove that Japanese institutions will transact on a public network at scale. It does, however, give Solana a named pathway into a regulated financial market alongside two established Japanese financial groups.
What remains unclear is the Foundation’s ownership position, the final name-change schedule, which tokenized assets will be launched first, how JPYSC will be used, and what institutions will join. The next useful disclosures will be product timelines, licensing and custody arrangements, the first issuance or settlement pilot, and volume data that shows whether the venture is becoming operating infrastructure rather than a strategic plan.
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Primary sources and further reading
| Source | Title |
|---|---|
| | SBI Holdings and Solana Foundation: strategic collaboration announcement |
| | CoinGecko: Solana price and market data |
| | Alternative.me: Crypto Fear and Greed Index |
| | The Block: SBI Holdings and Solana Foundation partnership |
Fact-checked by: Daily Crypto Briefs Fact-Check Desk
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Frequently Asked Questions
What did SBI Holdings and the Solana Foundation announce?
They announced a strategic collaboration to build an onchain financial market from Japan. SBI R3 Japan plans to change its name to SBI Solana Global and develop services on the Solana network.
What assets will SBI Solana Global support?
SBI said the planned work includes JPYSC and other stablecoins, plus tokenized corporate bonds, commercial paper, funds and real estate.
Is SBI Solana Global operating now?
The parties announced planned initiatives and a planned trade-name change. They did not disclose a launch date, product timetable, transaction volumes or the final ownership terms.
How did SOL trade after the SBI and Solana announcement?
CoinGecko showed SOL near 76.09 dollars on July 13, up 13.7% over 30 days but down 4.3% over seven days. Market moves cannot be attributed to the announcement alone.