JPYSC, a Japanese yen stablecoin organised upon a trust bank issuance model, is being developed by Startale Group and SBI Holdings. The debut is scheduled for Q2 2026, subject to regulatory permissions.
SBI VC Trade will be the main distribution channel under the proposed structure, with SBI Shinsei Trust & Banking (affiliated with SBI Shinsei Bank) handling issuance and redemption.
In order to create a stablecoin that can be utilised for institutional settlement and international payment flows, Startale is spearheading the technical development.
The shift to a “token economy”, in which all tangible assets are tokenised and tokens are used as a form of payment throughout society, is now an irreversible social trend, according to Yoshitaka Kitao, Representative Director, Chairman, and President of SBI Holdings.
Japan is one of the few major jurisdictions with a clearer, role-based approach to stablecoin issuance and oversight, which has encouraged large financial groups and licensed intermediaries to test bank-aligned models for on-chain settlement.
SBI and Startale are framing JPYSC as a regulated alternative for yen liquidity in digital markets, an area that has lagged USD stablecoins in adoption and scale.
Sota Watan Abe, CEO of Startale Group, commented on the launch, stating, “Our yen-denominated stablecoin is not just a means of everyday payment – it will play a central role in a fully onchain world.
We see enormous potential in enabling payments between AI agents and powering distributions for tokenised assets, both of which will soon become reality.”
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