SBI Holdings Targets Q2 Launch for Trust Bank-Backed JPY Stablecoin

SBI Holdings has announced plans to launch a Japanese yen denominated stablecoin, JPYSC, in the second quarter of 2026, pending regulatory approval. The initiative is being developed in partnership with Startale Group and is positioned as Japan’s first trust bank-backed stablecoin.

Issuance of JPYSC will be managed by SBI Shinsei Trust Bank, aligning the project with Japan’s digital asset regulations. Distribution is expected to be led by SBI VC Trade, the group’s crypto exchange arm, while Startale will oversee the technical infrastructure.

Japan Stablecoin Regulation and Institutional Adoption

The partners say the trust based framework is designed to strengthen governance, transparency, and operational safeguards, supporting adoption in institutional and cross border settlement use cases. Early discussions with enterprises reportedly indicate demand for yen-based digital settlement tools, particularly in treasury management and payments.

Japan formally recognized fiat backed stablecoins as “Electronic Payment Instruments” under amendments to the Payment Services Act in 2022, paving the way for regulated issuance. Major banks, including MUFG, SMBC and Mizuho, have also been piloting stablecoin and tokenized deposit initiatives.

If approved, JPYSC could expand the yen’s role in digital finance and provide a regulated alternative to dollar-dominated stablecoin markets.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.