SBI Group, DigiFT, and Startale Complete JPYSC Stablecoin PoC to Tokenize $1.3 Billion Fund
AI Market Summary
SBI, DigiFT, and Startale completed a proof of concept on Ethereum testnet covering issuance, near-instant subscription settlement via JPYSC, and automated onchain dividend distribution for a tokenized Japanese equity fund. The project signals accelerating institutional adoption of tokenized securities and stablecoin-based settlement rails. Planned exploration of institutional DeFi integrations (e.g., collateralized lending, onchain asset management) increases relevance for Ethereum's smart-contract infrastructure.
Impact level
● Medium
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ETH/USDT+2.14%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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SBI Group, DigiFT, and Startale Group announced the successful completion of a joint proof of concept (PoC) demonstrating the end-to-end lifecycle of tokenized securities using the JPYSC trust-based Japanese yen stablecoin. According to the announcement, the partners conducted two Ethereum testnet trials to enable near-instant settlement for tokenized fund subscriptions and automate on-chain dividend distributions. The initiative specifically targeted the SBI Japan High Dividend Equity Fund, which manages approximately $1.3 billion (¥200 billion) in assets. SBI Global Asset Management CEO Tomoya Asakura noted that the technology aims to modernize market infrastructure and enhance capital efficiency. Following this PoC, the firms intend to explore institutional DeFi integrations, including potential collaborations with Morpho and Gauntlet for collateralized lending and programmable asset management.
