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Japan’s SBI partners with Solana to launch onchain markets for yen stablecoins and assets

SBI and Solana are creating onchain markets in Japan for yen-backed stablecoins, tokenized assets, and cross-border payments. This will help financial institutions use blockchain technology for faster and more efficient transactions.
Japan’s SBI is partnering with Solana. The firms plan to launch Japan-based onchain markets. These markets will support JPY stablecoins, tokenized assets, and cross-border payments. The initiative is aimed at boosting institutional finance.

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