SBI and Startale just joined Open Standard.

They're testing interoperability between $JPYSC (SBI's JPY stablecoin) and $OUSD.

This is Japan's institutional money starting to move on-chain. If they crack cross-chain liquidity for regulated stablecoins, it opens the floodgates for TradFi capital into DeFi rails.

Watch this space. When Japanese banks go multi-chain, it's not a test anymore.