SBI Group Taps Chainlink to Tokenize Assets, Verify Stablecoins

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.

The two companies will use Chainlink’s 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.

SBI Chairman and Chief Executive Yoshitaka Kitao called Chainlink “a natural partner” that complements the group’s 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’s Project Guardian, and now plan to bring similar blockchain solutions into everyday use across capital markets.

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