Per a statement, the stablecoin will be issued under a trust agreement, with the three banks serving as joint settlors, while a “trust bank or similar institution” will act as trustee. The banks are targeting a joint launch in fiscal year 2026, "with an eye toward the potential use of stablecoins across a wide range of use cases."
Japan’s Largest Banks Get Greenlight for Stablecoin Trial, Plan March 2026 Launch
