SBI, Startale prep JPYSC yen stablecoin under Japan’s Type III regulations
SPI anchors the JPYSC and targets a Q2 2026 launch, with 1:1 support for the JPY under Japan’s Type III framework for cross-border institutional payments and treasury payments.
Summary
- JPYSC is a trust bank-backed yen stablecoin issued by SBI Shinsei Trust, distributed through SBI VC Trade and built by Startale to accommodate high-volume institutions.
- The token serves as a Type III electronic payment instrument, targeting cross-border payments, treasury management, tokenized asset payments, and future AI/agent payments.
- The launch is scheduled for Q2 2026 pending regulatory approval, there is initial interest from banks, finance companies, and large corporations looking for a regulated digital JPY alternative to USD coins.
SBI Holdings and Startale Group announced the launch of JPYSC, a Japanese yen-denominated stablecoin designed for institutional funds and cross-border digital payments, according to an official statement.
The stablecoin will be issued by SBI Shinsei Trust Bank and used under the Japanese banking system, making it the first stablecoin in the country backed by a trust bank. The property is regulated by Japan’s digital property regulatory body, according to the announcement.
JPYSC will be used for cross-border payments, treasury management, and tokenized asset settlement. The digital currency aims to enable financial institutions to transfer funds between international markets while linking traditional financial systems with blockchain infrastructure, the companies said.
SBI VC Trade will serve as the main distribution partner, while Startale Group will lead the development of the blockchain technology. The stablecoin is designed for enterprise-grade performance to meet the high-volume trading and residential needs of the institution, according to the release.
Target users include banks, finance companies, and large corporations. Many financial institutions and companies have shown interest in the project before its official launch, the companies reported.
JPYSC operates under Japan’s Type III electronic payment instrument framework, a category designed to ensure compliance with the country’s financial regulations. The framework provides regulatory clarity and legal protection for institutions using stablecoins, according to the announcement.
Developers say the system is designed for global interoperability, connecting blockchain networks and traditional banking systems to allow businesses to integrate digital payment systems into existing financial infrastructure.
The project has a blue logo meant to represent trust and stability, with product placement emphasizing security, transparency, and global connectivity, the companies said.
The official launch is scheduled for the second quarter of 2026, subject to regulatory approval. The authorities must complete their review process before being sent to the market, according to the announcement.
The partnership between SBI Holdings and Startale Group represents an effort to expand the regulated digital financial infrastructure for blockchain-based financial products in Japan.
