SBI and Chainlink will build blockchain tools for banks starting in Japan, then across the Asia-Pacific region.
The partnership will support tokenized assets and use Chainlink tools for stablecoin and fund verification.
SBI also plans to enable 24/7 trading of tokenized stocks with new partners in the crypto space.
The SBI Group has revealed the signing of a new partnership deal with Chainlink to create blockchain-powered financial applications. The project will start in Japan and then spread to cover the Asia-Pacific.
https://twitter.com/chainlink/status/1959799655212167283
The two will develop cross-chain solutions to tokenized real-life assets (RWAs), including digital bonds. These solutions aim to help financial institutions verify on-chain data and streamline settlement processes.
The companies will also use Chainlink’s technology to provide proof of stablecoin reserves. This will support the ongoing development of compliant digital financial services in Japan. The move aligns with SBI’s push to integrate digital asset tools into traditional finance.
Chainlink's Role in On-chain Verification
Chainlink will provide several technical features in this partnership. These include its Cross-Chain Interoperability Protocol (CCIP), Smart NAV data feeds, and Proof of Reserve services. These tools are designed to improve transparency, compliance, and liquidity in financial transactions.
The use of Smart NAV data will allow tokenized funds to reflect real-time net asset value on-chain. Proof of Reserve technology will ensure stablecoin reserves are verifiable on the blockchain. These tools support the tokenization of various financial products, including funds, stocks, and real estate.
Stablecoin Use and Cross-Border Payments
SBI is going to aid in cross-border transactions utilizing stablecoins. These services are intended to provide compliant and efficient settlement processes that are safe. The rollout will coincide with new regulations in Japan, where a yen-based stablecoin may receive approval soon.
SBI VC Trade, the group’s crypto division, will promote the use of USDC and Ripple’s RLUSD stablecoins. The company expects to introduce Ripple’s stablecoin by March 2026. SBI will also help expand USDC usage within Japan’s financial system.
Wider Strategy and Other Partnerships
The partnership with Chainlink is part of a broader crypto strategy by SBI Group. Within days, SBI also announced agreements with Circle Internet Group, Ripple Labs, and Startale Labs. These partnerships focus on stablecoins, tokenized assets, and 24/7 trading platforms.
SBI and Startale plan to build an around-the-clock trading system for tokenized stocks and assets. This will resemble services offered by firms like Kraken and Robinhood. However, the companies have not yet disclosed the technical details or launch date.
SBI and Chainlink previously worked on a pilot project under Singapore’s Project Guardian. The new partnership will expand on that foundation, targeting practical blockchain applications in regulated finance.
Chainlink’s network activity has risen in recent weeks. LINK token profits and daily active addresses remain high.
