SBI Holdings and Startale Group have entered into a memorandum of understanding to jointly develop a fully regulated Japanese yen-backed stablecoin, marking a significant step in Japan’s transition toward a tokenized financial system.
Under the agreement, the stablecoin will be issued and redeemed by Shinsei Trust & Banking, a wholly owned subsidiary of SBI Shinsei Bank. Circulation will be supported by SBI VC Trade, a licensed crypto asset exchange service provider.
SBI Chairman Yoshitaka Kitao said the initiative would serve as a foundation for Japan’s emerging token economy, enabling deeper integration between traditional finance and digital assets.
The stablecoin is targeted for launch in the second quarter of 2026, pending regulatory approval and compliance readiness. The initiative comes as Japan’s Financial Services Agency expands its Payment Innovation Project, which has already supported pilot stablecoin issuances by major Japanese banks.
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