SBI Global Asset Management and regulated digital asset exchange DigiFT have launched the SBI Japan High Dividend Equity Strategy Token (JX) on Solana – the first time a Japanese asset manager’s listed-equity strategy has been brought on-chain. For Asia’s tokenization race, it is a landmark moment.
＜ＳＢＩグローバルアセットマネジメント：4765 プレスリリース＞
世界初の日本株式ファンドをパブリック・オンチェーン化へ
～日本円ステーブルコイン、DeFiを融合し、日本株を世界へ届ける次世代金融インフラを構築～https://t.co/iOFrcgpdqY— SBIグローバルアセットマネジメント株式会社 (@SBI_Global_AM) July 14, 2026
The Product: A Japanese Dividend Strategy, On-Chain
The JX token gives accredited and institutional investors blockchain-based access to a high-dividend Japanese equity strategy managed by SBI Asset Management, a subsidiary of SBI Global Asset Management under Japan’s SBI Holdings. For DigiFT, the Singapore-based real-world asset (RWA) exchange, it is also a first: the company has never before tokenized a Japanese equity fund.
The structuring deserves attention. JX is an authorized, manager-referenced product rather than a synthetic replica – a distinction that is gaining regulatory weight after the US SEC drew a formal line in a January 2026 staff statement between issuer-sponsored tokenized securities, which can represent true ownership, and third-party wrappers offering only synthetic exposure. JX sits firmly on the compliant side of that line.
DigiFT brings the license base to match: Capital Markets Services and Recognised Market Operator licenses from the Monetary Authority of Singapore, plus Type 1 and Type 4 licenses from Hong Kong’s SFC. That dual regulatory standing has already made the firm a tokenization partner for UBS Asset Management, Invesco, BNY, and Franklin Templeton – and with SBI on board, its roster now extends into Japan for the first time.
Why Solana – and What About Ripple?
The choice of chain raised eyebrows. SBI Holdings has worked closely with Ripple since 2016, from SBI Ripple Asia to recent collaborations around the RLUSD stablecoin and joint efforts with Doppler to drive institutional XRP adoption in Japan. Yet JX runs on Solana – simply because DigiFT’s tokenization infrastructure is built there.
The takeaway is not a rift with Ripple but a sign of how institutional players now operate: multi-chain by default, choosing infrastructure per product rather than pledging loyalty to a single ecosystem. SBI’s Ripple partnership continues in parallel, focused on XRP and XRP Ledger adoption across Japan.
The Stablecoin Layer Behind It
Settlement for JX initially runs in USDC, with integration of a Japanese yen stablecoin planned for a later stage. That plan slots neatly into SBI’s broader strategy: the group recently issued JPYSC, Japan’s first trust bank-backed yen stablecoin via SBI Shinsei Trust Bank, and is preparing a lending product through SBI VC Trade offering a fixed 3% annual yield on locked JPYSC holdings – potentially launching this month.
Token holders will also be able to deploy JX in decentralized finance applications, including lending and asset management protocols such as Morpho, extending the product beyond a static wrapper into composable on-chain finance.
The Bigger Picture for Asia
The launch lands amid a structural shift in tokenization. With Japan’s largest online financial conglomerate now putting a live equity strategy on a public blockchain, the RWA narrative in Asia moves from pilots and proofs-of-concept to regulated production products. Tokyo’s push for listed companies to improve capital efficiency, Singapore’s mature licensing regime, and Hong Kong’s securities framework are converging into a regional infrastructure stack – and JX is one of the first products to run across all of it.
For asset managers across the region, the message is clear: tokenized distribution is no longer experimental. The question is who follows, and how fast.
Direct Links to the Original Sources
- Joint press release from SBI Global Asset Management and DigiFT on the JX token (ACCESS Newswire, via Yahoo Finance): https://finance.yahoo.com/markets/crypto/articles/sbi-global-asset-management-digift-014200060.html
Disclaimer: This article is for informational purposes only and does not constitute investment advice.