[SBI and DigiFT to Tokenize $1.3 Billion Japanese Equity Fund, Startale Participates in JPYSC Settlement Testing] Odaily Planet Daily News: SBI Group, DigiFT, and Startale Group have completed a joint proof of concept, demonstrating the full lifecycle of tokenized securities using the Japanese yen stablecoin JPYSC in an Ethereum testnet environment. This includes instant settlement for fund subscriptions and automated on-chain dividend distribution. SBI Group and DigiFT are advancing the tokenization of the SBI Japan High Dividend Equity Fund, managed by SBI Asset Management, with an asset management scale of approximately $1.3 billion. This fund is one of Japan's major public equity strategies. The three parties completed two tests: one showcasing near-instant settlement for fund subscriptions using JPYSC, and another leveraging smart contracts to automatically calculate and distribute dividends to eligible token holders' wallets after the completion of distribution registration. The three companies plan to explore integrating tokenized Japanese equities with institutional DeFi platforms and are considering testing use cases such as collateralized lending and on-chain asset management in collaboration with ecosystem partners like Morpho and Gauntlet.