SBI Global Asset Management and DigiFT have launched the JX token, a tokenized representation of a Japanese high-dividend equity strategy managed by SBI Asset Management. This marks the first time a Japanese asset manager's listed-equity strategy has been brought on-chain through DigiFT's regulated tokenization infrastructure.
The launch comes as investor attention returns to Japanese equities, supported by the Tokyo Stock Exchange's push for listed companies to improve capital efficiency. The tokenization market is also evolving rapidly: the value of tokenized real-world assets on public blockchains grew from USD 5.9 billion to USD 21.9 billion globally in 2025, moving beyond cash-like instruments into actively managed strategies.
DigiFT, which holds licenses from the Monetary Authority of Singapore and Hong Kong Securities and Futures Commission, has previously tokenized assets for global managers including UBS Asset Management, Invesco, BNY, and Franklin Templeton. The JX token is being launched on the Solana blockchain, with ecosystem participants including Solana Company, Huma Finance, and Plume.
SBI Holdings, the parent company of SBI Global Asset Management, reported consolidated revenue of JPY 1.90 trillion for the fiscal year ended 31 March 2026, with its crypto-asset business generating JPY 89.6 billion. SBI has invested in tokenization infrastructure across the region, including leading a $50 million investment in Startale Group and holding a majority stake in Osaka Digital Exchange.
The JX token is structured around the underlying strategy managed by SBI Asset Management, an authorized manager-referenced model that regulators are increasingly distinguishing from products providing only indirect economic exposure. In a joint staff statement on 28 January 2026, the U.S. SEC staff drew a formal line between issuer-sponsored tokenized securities and third-party products that offer synthetic or custodial entitlements.
Henry Zhang, Founder and Group CEO of DigiFT, said: '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.'
The launch reflects a broader shift in tokenization extending into Japan's institutional market, where SBI Group has been among the most active builders of on-chain financial infrastructure. DigiFT's dual regulatory standing in Singapore and Hong Kong has made it a tokenization partner for global asset managers, and this partnership adds a Japanese listed-equity strategy to that lineup for the first time.
