SBI, Startale prep JPYSC yen stablecoin under Japan’s Type III rules

SPI pegs JPYSC and targets Q2 2026 launch, with 1:1 JPY backing under Japan’s Type III framework for institutional cross-border and treasury payments.

SBI Holdings and Startale Group announced the launch of JPYSC, a Japanese yen-denominated stablecoin designed for institutional finance and cross-border digital payments, according to an official press release.

The stablecoin will be issued by SBI Shinsei Trust Bank and operated under Japan’s trust bank system, making it the first stablecoin in the country backed by a trust bank. The structure is governed by Japan’s digital asset regulatory framework, according to the announcement.

JPYSC will be used for cross-border payments, treasury management, and tokenized asset settlements. The digital currency aims to enable financial institutions to transfer funds between international markets while linking traditional finance systems to blockchain infrastructure, the companies stated.

SBI VC Trade will serve as the principal distribution partner, while Startale Group will lead blockchain technology development. The stablecoin has been built for enterprise-grade performance to accommodate high-volume transactions and institutional settlement requirements, according to the release.

The target users include banks, financial companies, and large corporations. Several financial institutions and corporations have expressed interest in the project ahead of its official launch, the companies reported.

JPYSC operates under Japan’s Type III electronic payment instrument framework, a classification designed to ensure compliance with the country’s financial laws. The framework provides regulatory clarity and legal protections for institutions using the stablecoin, according to the announcement.

The developers stated the system was designed for global interoperability, connecting blockchain networks and traditional banking systems to allow businesses to integrate digital payment systems into existing financial infrastructure.

The project features a blue logo intended to represent trust and stability, with branding that emphasizes security, transparency, and global connectivity, the companies said.

The official launch is planned for the second quarter of 2026, subject to regulatory approvals. Authorities must complete their review process before market deployment, according to the announcement.

The partnership between SBI Holdings and Startale Group represents an effort to expand regulated digital finance infrastructure for blockchain-based financial products in Japan.