SBI Global Asset Management and DigiFT Launch JX, the First Japanese Asset Manager Equity Strategy Live on Solana

SBI Global Asset Management Co., Ltd. (SBI GAM) and DigiFT have launched the SBI Japan High Dividend Equity Strategy Token (JX) on Solana (SOL), marking the first time a Japanese asset manager's listed-equity strategy has been brought onchain through regulated tokenization infrastructure.

JX is available exclusively to accredited and institutional investors as defined under Singapore's Securities and Futures Act. The underlying strategy is managed by SBI Asset Management Co., Ltd. (SBI AM), a subsidiary of SBI GAM, which is itself a subsidiary of SBI Holdings, Japan's largest financial conglomerate by revenue.

What the JX Token Provides Access To

JX is structured as a growth-type Japanese securities investment trust brought onchain via DigiFT's tokenization and distribution platform. The product gives qualifying investors on-chain exposure to the SBI AM strategy but does not make distributions at the fund or token level.

SBI GAM built JX using the issuer-and-manager-referenced model. In a joint staff statement issued January 28, 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. The structure of JX aligns with the former.

The launch also comes as the Tokyo Stock Exchange continues pushing listed companies to improve capital efficiency and demonstrate greater share-price awareness, a structural shift that is shaping institutional appetite for products linking Japanese equities to onchain infrastructure.

DigiFT's Regulatory Position and Prior Partnerships

DigiFT holds Capital Markets Services and Recognised Market Operator licences from Singapore's Monetary Authority of Singapore, as well as Type 1 and Type 4 licences from Hong Kong's Securities and Futures Commission. That dual regulatory standing has made it a tokenization and distribution partner for a roster of global managers, including UBS Asset Management, Invesco, BNY, and Franklin Templeton. In January 2026, DigiFT launched a tokenized U.S. equity income fund co-developed with BNY. JX adds Japan's domestic equity market and a Japanese institutional manager to that lineup for the first time.

SBI Holdings' Onchain Momentum Behind the JX Launch

SBI GAM's participation reflects a broader onchain push from its parent. SBI Holdings reported consolidated revenue of JPY 1.90 trillion for the fiscal year ended 31 March 2026, with its Crypto-asset Business segment contributing JPY 89.6 billion over the same period. The group holds a majority stake in Osaka Digital Exchange, which operates a secondary market for security tokens in Japan, and led a $50 million investment in Startale Group to build a blockchain purpose-built for tokenized securities.

The JX launch follows last week's announcement that SBI Holdings and the Solana Foundation formed SBI Solana Global to develop Japan-based onchain financial market infrastructure, joined by Sumitomo Mitsui Financial Group as a shareholder. JX is the first live product to reflect SBI Group's Solana commitment, though it was brought to market through DigiFT's regulated platform rather than the newly formed joint venture directly.

Tokenized RWA Growth and Solana's Share of It

The value of tokenized real-world assets on public blockchains grew from $5.9 billion to $21.9 billion globally in 2025, according to RWA.xyz. Solana has become a significant host for that growth: the network handled $10 billion in tokenized stock trading volume in June 2026, representing 95% of on-chain equity trading that month.

DigiFT named Huma Finance HUMA$0.022-1.2% and Plume alongside Solana Company as ecosystem participants in the JX launch. Japan's entry into the category adds a listed-equity angle from one of Asia's largest financial institutions to a network that has predominantly hosted U.S. equity strategies and Treasury instruments to date.