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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting the accelerating adoption of blockchain technology by major financial institutions in Japan, Ripple-backed SBI Holdings has secured responsibility for managing the Solana (SOL) treasury operations of Tokyo-listed firm WIZE. According to reports, SBI will handle these operations through its digital asset subsidiary, marking a strategic expansion into institutional custody and management services. This partnership aims to leverage SBI's established infrastructure to enhance the efficiency of digital asset management for WIZE.
This development comes as Solana sees growing interest from financial institutions across Asia, with SBI seeking to solidify its position as a bridge between traditional finance and the crypto ecosystem. Compared to peers, SBI continues to deepen its partnership with Ripple, which holds a strategic stake in the group, to develop cross-border payment solutions and liquidity management. Per market data, this collaboration bolsters investor confidence in Solana's ability to attract Japanese institutional capital.
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Sign InLooking at market performance, SOL prices have stabilized at key levels amid sector volatility, while SBI Holdings (9984.T) shares trade in Tokyo as investors monitor the results of its digital expansion. On the economic front, traders are awaiting the release of regional Balance of Trade data (June 2, 2026) for signals on macro-financial stability, while SOL technical support levels remain a focus for daily traders.