SBI Group, DigiFT, and Startale complete tokenization testing of Japanese stock funds

SBI Group, DigiFT, and Startale Group have completed concept validation on the Ethereum testnet, using the Japanese stablecoin JPYSC to showcase the subscription settlement and dividend distribution of SBI Japan High Dividend Equity Fund tokenized securities. The fund is managed by SBI Asset Management with an asset management scale of approximately $1.3 billion. The three parties have completed the JPYSC fund subscription settlement and smart contract dividend distribution testing, and plan to explore the integration of tokenized Japanese stocks and institutional DeFi platforms. At the same time, they are considering testing mortgage lending and on chain asset management with partners such as Morpho and Gauntlet.