SBI Holdings has rebuilt a wholly owned subsidiary into a business dedicated to the Canton Network, extending an institutional blockchain strategy that already covers the XRP Ledger, Solana, stablecoins and tokenized securities. SBI says Canton connects more than 600 institutions and supports over $6 trillion in assets. Ripple stays in place.
SBI Holdings announced on July 28 that SBI Security Solutions had changed its name to SBI Digital Practice Co. Ltd., effective June 22. The wholly owned subsidiary will now operate as the group's dedicated on-chain finance business specializing in the Canton Network, and SBI has renewed its management structure to support the change.
The renamed company will plan, develop and operate financial infrastructure and applications for institutions using Canton, covering implementation support, regulatory compliance and transaction systems spanning different countries and currencies. The unit is based in Roppongi, Tokyo and is led by representative director Ryo Shimotsu, with SBI retaining full ownership. SBI has also participated in Canton as a Super Validator, a role involved in transaction approval and management.
Ripple ties stay in place
The restructuring broadens SBI's blockchain operations but does not indicate that the group is abandoning Ripple or the XRP Ledger. SBI and Ripple established SBI Ripple Asia in 2016 to promote Ripple-based payment infrastructure across the Asia-Pacific region, and that joint venture has remained one of Ripple's main institutional relationships in the region.
SBI Ripple Asia has continued developing XRP Ledger services, including a token issuance platform designed to help businesses create digital assets under Japanese regulatory requirements. Canton serves a different part of the strategy: while Ripple's infrastructure has mainly supported payments, stablecoins and token issuance, the new subsidiary will focus on institutional financial infrastructure, cross-border securities and systems that require transaction privacy.
Solana and Ondo deals sit alongside Canton
Canton is the latest addition to a broader series of tokenization projects announced by SBI.
Earlier in July, SBI Global Asset Management partnered with regulated real-world asset exchange DigiFT to launch the SBI Japan High Dividend Equity Strategy Token, or JX token, on Solana. SBI also reached an agreement with Ondo Finance to tokenize Japanese equities and use its yen-backed JPYSC stablecoin for settlement and collateral. The group separately acquired a majority stake in Singapore exchange Coinhako on July 16 after receiving approval from the Monetary Authority of Singapore.
Canton links SBI to U.S. Treasury tokenization
SBI said Canton has more than 600 participating institutions, including Goldman Sachs, BNP Paribas, Franklin Templeton, Broadridge and Euroclear, and placed the value of assets represented on the network above $6 trillion. The U.S. connection runs through the Depository Trust & Clearing Corporation, after DTCC and Digital Asset announced plans in December 2025 to tokenize a subset of U.S. Treasury securities held at the Depository Trust Company on Canton.
The partners targeted a controlled production launch during the first half of 2026, followed by a broader rollout based on market demand. SBI has not disclosed specific customers, launch dates or revenue targets for its new subsidiary.
Sources: SBI Holdings, crypto.news
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