SBI Global Asset Management Co., Ltd. (SBI GAM) and DigiFT have launched the SBI Japan High Dividend Equity Strategy Token (JX token), a tokenized fund providing accredited or institutional investors with on-chain access to a Japanese high-dividend equity strategy managed by SBI Asset Management Co., Ltd. This marks the first time a Japanese asset manager's listed-equity strategy is brought on-chain through DigiFT's regulated infrastructure.
The launch comes as investor attention returns to Japanese equities, supported by the Tokyo Stock Exchange's push for improved capital efficiency. It also reflects a broader evolution in tokenization: the value of tokenized real-world assets distributed 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 public-market strategies. DigiFT was an early mover, having launched a tokenized U.S. equity income fund with BNY in January 2026.
DigiFT holds Capital Markets Services and Recognised Market Operator licences from the Monetary Authority of Singapore, as well as Type 1 and Type 4 licences from the Hong Kong SFC, enabling it to partner with global asset managers including UBS Asset Management, Invesco, BNY, and Franklin Templeton. The JX token is launched on Solana, with ecosystem participants including Solana Company, Huma Finance, and Plume.
SBI Holdings brings its own substantial on-chain track record, reporting consolidated revenue of JPY 1.90 trillion for the fiscal year ended 31 March 2026, with its Crypto-asset Business segment generating JPY 89.6 billion in revenue. SBI Holdings has invested in tokenization infrastructure, 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 AM, an authorized, manager-referenced model that aligns with regulatory distinctions. In a joint staff statement on 28 January 2026, the U.S. SEC staff drew a formal line between issuer-sponsored tokenized securities, which represent true ownership, and third-party products offering synthetic exposure.
Henry Zhang, Founder and Group CEO of DigiFT, stated: 'Our mission has always been to bring real, institutional-grade assets on-chain through infrastructure that investors and asset managers can trust. JX extends that mission to Japan for the first time, opening regulated, on-chain access to Japanese equities.'
For more information, visit DigiFT or SBI Global Asset Management.
