As part of the deal, the Solana Foundation will acquire a stake in SBI R3 Japan. In turn, SBI Solana Global will support the issuance and distribution of stablecoins, including SBI’s JPYSC (yen) stablecoin. They will also work on structuring and distributing RWAs, including corporate bonds, promissory notes, and real estate. In addition, the company plans to develop cross-border settlement infrastructure. Separately, Japan’s tokenization leader, Progmat, has moved its token platform worth 452 billion yen ($2.7 billion) to the Avalanche network. Over the course of a month, SBI Holdings invested $489 million in crypto projects, including the Bitbank exchange — $288 million — and EDX Markets — $76 million. The Japanese financial conglomerate also invested $125 million in the DeFi project Gauntlet.