Crypto Scenario Insights
What happened
SBI Holdings is partnering with Ondo Finance to tokenize Japanese stocks using JPYSC for settlement. While this validates the RWA sector, the immediate impact on ONDO price and market liquidity is likely to be muted comp…
What we think
The SBI-Ondo partnership is a significant institutional milestone for the RWA sector, but its immediate market impact is likely overstated by current price action.
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SBI-Ondo Partnership: Institutional Tokenization or Narrative-Driven Speculation?
We explain what happened and what could follow. We do not forecast prices.