Regulatory changes in Japan are paving the way for broader stablecoin adoption.
Japan’s financial giant SBI Holdings has partnered with blockchain infrastructure firm Startale Group to jointly develop and launch a new regulated stablecoin, JPYSC, pegged to the Japanese yen. This initiative seeks to drive financial innovation while providing a trustworthy and efficient digital currency for both domestic and global payment needs.
Corporate-Grade Stablecoin Set for 2026 Launch
Slated for release in the second quarter of 2026, JPYSC is tailored for use by institutional players and in international transactions. The project is structured to leverage the flexibility provided by Japan’s revised Payment Services Act, allowing it to surpass the traditional transaction limits imposed on conventional fund transfer operators. In offering a trusted, regulated infrastructure, JPYSC aims to maintain a one-to-one peg with the yen and to process high-value transfers securely and efficiently.
ContentsCorporate-Grade Stablecoin Set for 2026 LaunchCollaboration Details and Technical BackboneUpdated Regulations Enable New Blockchain SolutionCollaboration Details and Technical Backbone
SBI Holdings brings its extensive banking and financial network to the partnership, with its subsidiary Shinsei Trust & Banking responsible for issuing and redeeming the stablecoin. This ensures transparent and audited management of the reserve assets underlying JPYSC. Meanwhile, SBI VC Trade will be charged with maintaining the coin’s circulation, providing both corporate and retail users seamless access to digital yen transactions.
Startale Group, drawing on its experience from the Astar Network and Sony-backed Soneium blockchain projects, will handle JPYSC’s technical development. This covers the design of smart contracts, API integrations, and the implementation of rigorous security frameworks. The project aims to provide a credible yen-based alternative in global commerce, counterbalancing the dominance of U.S. dollar-pegged stablecoins in international trade.
Updated Regulations Enable New Blockchain Solution
Recent regulations by Japan’s Financial Services Agency (FSA) around blockchain payments are smoothing the path for JPYSC. Thanks to this updated legal environment, the yen-backed stablecoin is poised to stand out among Japan’s payment solutions. Unlike stablecoins issued by standard money transfer firms, JPYSC is classified as an “Electronic Payment Instrument,” making it suitable for high-value and institutional-grade transactions.
Startale Group and SBI Holdings have announced that JPYSC will be the first yen stablecoin issued by a trust bank, utilizing Shinsei Trust & Banking for issuance and Startale’s technical infrastructure.
Yoshitaka Kitao, Chairman of SBI Holdings, emphasized the nation’s inevitable shift toward a tokenized economy. As part of this collaboration, the partners recently launched a new Layer 1 blockchain called Strium Network, designed to host tokenized securities and real-world assets on a unified platform.
This alliance, announced last year, leads the way for enterprise-centric next-generation blockchain applications in Japan. Early tests of the Strium Network have already showcased its effectiveness in facilitating trading, settlement, and integration of digital assets, signaling strong foundational capabilities for deployment.
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