SBI and DigiFT Launch JX Token for Japan Equities on Solana

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The token, formally the SBI Japan High Dividend Equity Strategy Token, went live on Solana. An official Solana account confirmed the launch at 04:38 UTC. DigiFT then published the details from Singapore the same day.

What the JX Token Offers Investors

The JX token represents exposure to an actively managed portfolio of listed Japanese equities. SBI Asset Management runs that strategy. It focuses on high-dividend names amid Tokyo Stock Exchange reforms. Those reforms push companies toward stronger shareholder returns.

SBI Asset Management is a subsidiary of SBI Global Asset Management, part of the wider SBI Holdings group. So the token connects a regulated Japanese fund manager directly to a public blockchain.

The structure uses a manager-referenced model that DigiFT describes as true ownership, rather than a synthetic derivative. Investors hold on-chain exposure tied to the underlying strategy, not a swap contract. Notably, no distributions occur at either the fund or the token level.

The underlying SBI Japan High Dividend Equity strategy already holds more than ¥200 billion in assets, or roughly $1.23 billion. DigiFT has not disclosed a separate asset figure for the token itself.

Why DigiFT and SBI Built It

DigiFT is a Singapore-based digital asset exchange built for institutional real-world assets. It handles the tokenization and distribution of the JX token through its own regulated platform.

The firm operates under a Monetary Authority of Singapore Capital Markets Services licence and a Recognised Market Operator licence. It also holds Type 1 and Type 4 licences from Hong Kong’s Securities and Futures Commission. Still, DigiFT notes that this specific offering has not been reviewed by the regulator.

The two groups have worked together before. According to DigiFT, SBI and DigiFT announced the SBI Onchain joint venture around November 2025 to build institutional on-chain finance. Earlier in 2026, DigiFT also tokenized a U.S. equity income fund alongside BNY.

Henry Zhang, Founder and Group CEO of DigiFT, framed the launch as a regional milestone.

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.

Solana, JPYSC and 24-Hour Settlement

DigiFT deployed the JX token on Solana, and the token is SPL-compatible. The team chose Solana for its throughput, low costs, and growing base of institutional tokenization projects.

On-chain here means the token can move and settle continuously, subject to permissioning. In practice, that points toward 24-hour trading and settlement rails. That marks a clear break from the traditional T+ settlement cycle used in equity markets.

SBI and DigiFT paired the launch with a proof-of-concept for JPYSC, a yen-referenced settlement layer. That demo showed instant settlement and programmable dividends for tokenized securities, according to coverage from Blockhead. The wider context helps too. Tokenized real-world assets on public chains grew from $5.9 billion to $21.9 billion during 2025. That figure comes from rwa.xyz data cited in the announcement.

What the Launch Does Not Reveal Yet

The launch narrative is bullish, yet several details remain private. Access sits behind strict permissioning. So only accredited and institutional investors under Singapore’s Securities and Futures Act can subscribe. Retail traders cannot buy the token.

The specific mint address, deploying wallet, and initial subscription transactions have not surfaced publicly. As a result, on-chain analysts cannot yet verify JX activity on Solscan or a DefiLlama dashboard. That limited visibility is common for permissioned institutional products. Still, it does cap independent scrutiny.

Other basics also stay unclear. DigiFT has not detailed the minimum investment or the redemption timeline. It has also stayed quiet on the token standard, portfolio holdings, and fees. It is also not yet confirmed whether this is a full commercial launch or a controlled early phase.

What Comes Next for the JX Token

Early reaction on X has leaned bullish. Crypto accounts framed the launch as institutional validation for Solana’s real-world asset push. SOL traded near $77 in the hours after the announcement, up about 3% on the day. Still, no analyst tied that move directly to JX.

The bigger test is adoption. Investors and analysts will watch for a public contract address, subscription figures, and secondary trading volume. Those numbers will show whether the JX token draws real institutional flow. They could also reveal whether tokenized Japanese equities move from a first to a trend.

For now, JX stands as a notable bridge between a large Japanese equity strategy and public blockchain rails. This article is informational and not financial advice. Always do your own research before acting on any tokenized product.