SBI Global Asset Management and DigiFT Launch JX, Bringing a Japanese Asset Manager’s Equity Strategy On-Chain for the First Time
- JX marks the first time a Japanese asset manager’s listed-equity strategy has been tokenized and brought on-chain by DigiFT.
- The launch reflects a model for connecting established Japanese fund strategies with regulated digital-asset infrastructure
- Extends DigiFT’s track record of bringing Tier-1 asset manager strategies on-chain into a new market and asset class
SINGAPORE, 15 July 2026 – DigiFT, a regulated digital asset exchange for institutional-grade real-world assets, and SBI Global Asset Management Co., Ltd. (“SBI GAM”), a subsidiary of SBI Holdings, Inc., today announced the launch of the SBI Japan High Dividend Equity Strategy Token (“JX token”), a token designed to provide accredited or institutional investors with on-chain access to a Japanese high-dividend equity fund strategy managed by SBI Asset Management Co., Ltd. (“SBI AM”) which is a subsidiary of SBI GAM. The launch marks the first time a Japanese asset manager’s listed-equity strategy is brought on-chain through DigiFT’s regulated tokenization and distribution infrastructure.
The launch comes as investor attention returns to Japanese equities, supported by the Tokyo Stock Exchange’s continued push for listed companies to improve capital efficiency and demonstrate greater awareness of share-price performance.1 It also reflects a broader evolution in tokenization: the value of tokenized real-world assets distributed on public blockchains grew from USD 5.9 billion to USD 21.9 billion globally in 2025,2 moving the category beyond cash-like instruments and into actively managed public-market strategies. DigiFT was an early mover in this shift, launching a tokenized U.S. equity income fund developed with BNY in January 2026.3 This shift is now extending directly into Japan’s own institutional market, where SBI Group has been among the country’s most active builders of on-chain financial infrastructure.
DigiFT holds Capital Markets Services and Recognised Market Operator licences from MAS, as well as Type 1 and Type 4 licences from the Hong Kong SFC – a dual regulatory standing that has made it a tokenization and distribution partner for global and regional asset managers, including UBS Asset Management, Invesco, BNY and Franklin Templeton. DigiFT’s roster now extends into Japan, through SBI GAM’s participation, adding a Japanese listed-equity strategy to that lineup for the first time. DigiFT is launching the JX Token on Solana, further expanding the availability of regulated real-world assets (RWAs) on-chain, with ecosystem participants including Solana Company, Huma Finance and Plume.
SBI Holdings brings its own substantial on-chain track record to the collaboration. The group reported consolidated revenue of JPY 1.90 trillion for the fiscal year ended 31 March 2026, with its Crypto-asset Business segment generating JPY 89.6 billion in revenue over the same period.4 SBI Holdings has taken direct stakes across the region’s tokenization infrastructure, including leading a $50 million investment in Startale Group to build a blockchain purpose-built for tokenized securities,5 and holding a majority stake in Osaka Digital Exchange, operator of a secondary market for security tokens in Japan.6
JX is structured around the underlying strategy managed by SBI AM. This authorized, manager-referenced model is critical as regulators are increasingly distinguishing tokenized securities developed with issuer or manager alignment from products that provide only indirect economic exposure. In a joint staff statement issued 28 January 2026, the U.S. SEC staff drew a formal line between issuer-sponsored tokenized securities, which can represent true ownership, and third-party products that typically offer only synthetic exposure or custodial entitlements – signalling an intent to encourage the former while curbing the spread of the latter.7
Henry Zhang, Founder and Group CEO, DigiFT: “Our mission at DigiFT has always been to bring real, institutional-grade assets on-chain through infrastructure that investors and asset managers can actually trust. JX extends that mission to Japan for the first time, opening regulated, on-chain access to Japanese equities. We’re proud to build this with SBI Group, one of Japan’s most forward-looking financial institutions, and excited about what this partnership signals for the future of tokenization across the region.”
参考文献
1. Japan Exchange Group (JPX) (n.d.) Follow-up of Companies Implementing Management that is Conscious of Cost of Capital and Stock Price. Available at: https://www.jpx.co.jp/english/equities/follow-up/02.html (Accessed: 2 July 2026).
2. RWA.xyz (2025) Real-World Asset Tokenization Data, 2025 methodology. Available at: https://app.rwa.xyz/ (Accessed: 2 July 2026).
3. DigiFT (2026) DigiFT Introduces First Actively Managed Tokenized Equity Fund with BNY as Investment Management Services Provider. Available at: https://insights.digift.io/digift-introduces-first-actively-managed-tokenized-equity-fund-with-bny-as-investment-management-services-provider/ (Accessed: 2 July 2026).
4. SBI Holdings, Inc. (2026) FY2026 (Fiscal Year Ended 31 March 2026) Financial Results Presentation. Available at: https://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/260501presentations.pdf (Accessed: 2 July 2026).
5. Ledger Insights (2026) Japan’s SBI invests in two tokenized trading venues via Startale, Digital Securities. Available at: https://www.ledgerinsights.com/japans-sbi-invests-in-two-tokenized-trading-venues-via-startale-digital-securities/ (Accessed: 2 July 2026).
6. Ledger Insights (2023) CBOE invests in Japan’s Osaka Digital Exchange. Security tokens to launch this year. Available at: https://www.ledgerinsights.com/cboe-osaka-digital-exchange-security-tokens/ (Accessed: 2 July 2026).
7. U.S. Securities and Exchange Commission (2026) Statement on Tokenized Securities. Available at: https://www.sec.gov/newsroom/speeches-statements/corp-fin-statement-tokenized-securities-012826-statement-tokenized-securities (Accessed: 2 July 2026).
About the Fund
JX provides on-chain access to a growth-type Japanese securities investment trust strategy managed by SBI AM. The structure does not make distributions at the fund or token level.
JX is available exclusively to eligible institutional and accredited investors as defined under Singapore’s Securities and Futures Act.
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