Catenaa, Wednesday, March 04, 2026– SBI Holdings and Startale Group introduced a trust bank-backed Japanese yen stablecoin aimed at institutional and cross-border use, with a second-quarter launch planned pending approvals.
The stablecoin, named JPYSC, will be issued by SBI Shinsei Trust Bank under Japan’s digital asset rules.
SBI VC Trade will distribute the token, while Startale will oversee technical development.
The partners positioned the initiative as a regulated alternative to dollar-backed stablecoins that dominate global digital payments.
They expect the yen-pegged token to support treasury functions, settlement, and enterprise payments.
The project is designed to work across both traditional financial infrastructure and multiple blockchain networks. Developers also plan to support automated transactions and tokenized asset distribution in future use cases.
Japan has been moving to integrate regulated stablecoins into mainstream finance since lawmakers amended the Payment Services Act in 2022 to recognize fiat-pegged tokens as electronic payment instruments.
Authorities approved the JPYC stablecoin last year as the first legally recognized yen-backed digital currency. Major lenders including MUFG, SMBC and Mizuho are also testing tokenized deposit and stablecoin systems.
The JPYSC rollout reflects Japan’s effort to expand the yen’s role in digital finance through regulated blockchain-based payment tools.
