SBI and DigiFT will tokenize a $1.3 billion Japanese stock fund, Startale participates in JPYSC settlement testing

SBI Group, DigiFT, and Startale Group have completed a joint proof of concept, demonstrating the full lifecycle of tokenized securities using the Japanese yen stablecoin JPYSC in an Ethereum testnet environment, including instant settlement for fund subscriptions and automatic on-chain dividend distribution.

SBI Group and DigiFT are advancing the tokenization of the SBI Japan High Dividend Equity Fund, which is managed by SBI Asset Management with an asset management scale of approximately $1.3 billion, making it one of Japan's major public equity strategies. The three parties completed two tests, one demonstrating the near-instant settlement of fund subscriptions using JPYSC, and the other automatically calculating and distributing dividends to eligible token holders' wallets via smart contracts after the allocation registration is completed.

The three companies plan to explore the integration of tokenized Japanese stocks with institutional DeFi platforms and consider testing use cases such as collateralized lending and on-chain asset management with ecosystem partners like Morpho and Gauntlet.