SBI Partners With Chainlink to Develop Crypto Tools for APAC Banks
Japanese financial giant SBI Group has forged a strategic partnership with blockchain oracle provider Chainlink to create cryptocurrency tools tailored for banks and financial institutions across Japan and the Asia-Pacific region. The collaboration will initially focus on the Japanese market, targeting tokenized real-world assets (RWAs), stablecoin reserve verification, and cross-border transaction solutions.
This marks SBI's fourth major crypto deal in a week, following partnerships with Circle, Ripple, and Startale. The flurry of activity underscores SBI's aggressive push to establish dominance in Japan's burgeoning digital asset sector. Chainlink's technology will be deployed to enhance RWA tokenization, foreign exchange services, and international payments.
