SBI and Startale Introduce JPYSC, Trust-Backed Yen Stablecoin for Institutional Use

Startale Group and SBI Holdings have launched JPYSC, a trust bank-backed Japanese yen stablecoin for institutional and cross-border use.

The initiative advances Japan’s regulated digital currency infrastructure as global stablecoin competition grows.

Japan’s clear legal framework allows financial institutions to issue compliant stablecoins with defined roles and oversight.

JPYSC will be the first trust-based stablecoin issued by SBI Shinsei Trust Bank under these regulations.

The stablecoin will operate across traditional financial systems and blockchain networks. SBI VC Trade will handle primary distribution, and Startale Group will manage technical development.

The project targets a Q2 2026 launch, pending regulatory approval.

Financial institutions and enterprises are exploring stablecoins as programmable settlement rails. JPYSC aims to expand the yen’s role in digital finance and offer a regulated alternative to largely US dollar-denominated stablecoins.

Early interest shows demand for operational payments, treasury management, and cross-border settlement using regulated yen-denominated liquidity.

The trust bank-backed model provides governance, oversight, and operational safeguards to meet legal and enterprise risk requirements.

Developers are also building interoperability across digital ecosystems, enabling institutions to integrate regulated yen rails without overhauling core systems.

said Yoshitaka Kitao, Representative Director, Chairman & President of SBI Holdings.

said Sota Watanabe, CEO of Startale Group.

Featured image credit: Edited by Fintech News Hong Kong, based on image by LaurieCu via Freepik

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