In a significant move for digital finance, Japan is poised to launch its first trust bank-backed yen stablecoin, JPYSC, in the second quarter of 2026. The project is a joint venture between Startale Group, which is leading the technical development, and financial giant SBI Holdings, with its subsidiary SBI VC Trade acting as the primary distribution partner.
The stablecoin will be issued under the trust bank framework by SBI Shinsei Trust & Banking, ensuring it operates within Japan's stringent regulatory environment as a Type III Electronic Payment Instrument. This structure provides legal clarity and protection, targeting institutional adoption from banks, financial companies, and large corporations.
JPYSC is designed to bridge traditional finance and blockchain ecosystems, focusing on enterprise-grade applications. Its core use cases include facilitating high-volume settlements, enabling efficient cross-border payments, and supporting the transfer and settlement of tokenized assets. The developers emphasize its global interoperability, allowing seamless transactions between conventional banking systems and on-chain networks.
The announcement has already generated strong interest from leading financial institutions, suggesting potential for rapid adoption upon its regulatory-approved launch. The project's blue logo is intended to symbolize the trust, stability, and security central to its design.
"The digital yen era starts now," stated Startale Group, framing JPYSC not merely as another stablecoin but as a foundational step towards a regulated, institutional-grade digital currency for Japan.
