SBI Reaches Strategic Partnership with Cross River's Parent Company, Plans Japan Joint Venture to Advance RWA Tokenization

October 28 — According to an announcement on Cross River's official website, SBI Holdings has signed a memorandum of strategic cooperation with CRB Group, the parent company of Cross River Bank, to establish a joint venture in Japan to explore tokenized real-world asset (RWA) products such as loan receivables, cross-border payments, and payment infrastructure for AI agent transactions. SBI also plans to make a strategic investment in CRB Group, and the two parties intend to explore connecting the Japanese yen stablecoin JPYSC to Cross River's platform for institutional cross-border and tokenized asset settlement. The establishment of the joint venture and the related cooperation remain subject to the signing of definitive agreements and the receipt of necessary regulatory approvals.