Ondo FinanceA firm focused on tokenizing RWAs has formed a partnership with SBI Group Tokenizing assets in Japan. SBI Group is one of Japan’s largest financial services groups, operating in banking, investment, asset management and, more recently, digital assets.
Ondo Finance CEO in a post about X Ian DeBode in question, “Japan is one of the most developed capital markets in the world, and SBI is at the center of this. This collaboration creates a way to bring Japanese assets on-chain.”
Yoshitaka KitaoSBI Representative Director, Chairman, President and CEO described Ondo as a global leader in tokenization as they create a global corridor for digital assets.
Ondo Finance yesterday announced the launch of its first tokenized shares. new DTCC tokenization serviceBearing the same CUSIP and symbol as the underlying securities.
De Bode explained that they are the only company that has built all the pathways for the tokenization of US securities.
“…DTCC demonstrates that the Ondo Stocks infrastructure is designed to work with institutional market infrastructure, not to compete with it. As tokenized securities markets continue to evolve, Ondo expects to play a leading role in bringing these assets on-chain for investors.”
Ondo has a mission to support institutional-level financial products. It operates a technology segment for developing decentralized protocols as well as an asset management unit for tokenized products.
