Japanese financial conglomerate SBI Group has formed a strategic partnership with blockchain-infrastructure provider Chainlink to accelerate institutional adoption of digital assets in Japan and the wider Asia-Pacific region<\/p>\n
Japanese financial conglomerate SBI Group has formed a strategic partnership with blockchain-infrastructure provider Chainlink to accelerate institutional adoption of digital assets in Japan and the wider Asia-Pacific region. SBI, which manages the equivalent of more than $200 billion in total assets, said the collaboration will initially target the Japanese market before expanding globally.<\/p>\n
The two companies will use Chainlink\u2019s Cross-Chain Interoperability Protocol, SmartData services for on-chain net asset value reporting, and Proof of Reserve technology to support a range of applications, including tokenization of real estate and bonds, cross-border foreign-exchange settlement, and on-chain verification of reserves backing regulated stablecoins. The goal is to provide institutional-grade infrastructure that addresses compliance, privacy and interoperability requirements for large-value transactions.<\/p>\n
SBI Chairman and Chief Executive Yoshitaka Kitao called Chainlink \u201ca natural partner\u201d that complements the group\u2019s financial footprint, while Chainlink co-founder Sergey Nazarov said the agreement moves years of joint prototype work toward large-scale production. The firms previously collaborated with UBS Asset Management under Singapore\u2019s Project Guardian, and now plan to bring similar blockchain solutions into everyday use across capital markets.<\/p>\n