SBI Holdings and the Solana Foundation have announced a strategic partnership to establish Japan's first on-chain financial market. The collaboration involves the Solana Foundation acquiring a stake in SBI R3 Japan, which will be renamed SBI Solana Global K.K. This joint venture, alongside existing shareholders SBI and Sumitomo Mitsui Financial Group, aims to promote a new growth strategy focused on the Solana network. SBI Solana Global will focus on five key business areas: the issuance and circulation of stablecoins like the yen-pegged JPYSC, structuring and circulation of corporate bonds and tokenized real-world assets, building cross-border payment infrastructure, providing on-chain financial services for institutional investors, and developing next-generation payment infrastructure for the AI Agent era. The initiative will begin in Japan, with plans to expand connectivity to Asian and global markets.