Solana shares in SBI Japan Joint Venture to SBI Solana Global

On 13 July, a joint communiqué was issued by the SBI network of officials and the Solana Foundation, which announced on 13 July a strategic partnership to advance the construction of financial markets along the Japanese chain. Under the cooperation agreement, the Solana Foundation will join the current shareholders, SBI R3 Japan, to promote a new growth strategy with the existing shareholders, SBI and SMFG, which plans to change its name to "SBI Solana Global " (provisional name). SBI Solana Global will promote five main lines of action around the Solana network: the issuance and circulation support of stable coins such as JPYSC, the formation and circulation support of social bonds and monetization of RWA, the development of cross-border payment infrastructure, chain financial services for institutional investors, and the development of the next generation of payment infrastructure for the AI Age. Both sides indicated that the Japanese market would be used as a starting point to facilitate connectivity with Asian and global markets。