SBI, DigiFT, and Startale Complete Proof of Concept for $1.3B Japanese Equity Fund Tokenization

According to ChainCatcher, SBI Group, DigiFT, and Startale Group have completed a joint proof of concept demonstrating the full lifecycle of tokenized securities using Japanese yen stablecoin JPYSC on Ethereum's test network. SBI Group and DigiFT are advancing the tokenization of the SBI Japan High Dividend Equity Fund, managed by SBI Asset Management with approximately $1.3 billion in assets under management, one of Japan's leading public equity strategies.

The three parties completed two tests: one showcasing near-instant settlement for fund subscriptions using JPYSC, and another using smart contracts to automatically calculate and distribute dividends to qualified token holders' wallets following distribution registration. The companies plan to explore integrating tokenized Japanese equities with institutional DeFi platforms.