Japanese financial giant SBI is accelerating the development of an on-chain financial system: Launching a yen stablecoin, integrating USDC and RLUSD, investing in Morpho and Gauntlet, and collaborating with Solana to advance RWA, cross-border settlements, and institutional services. They aim to integrate stablecoins, asset issuance, trading, lending, and asset management into a unified on-chain system.