SBI Group and Startale Group launched JPYSC on June 24, 2026, marking the first yen-pegged stablecoin in Japan issued under the trust bank model with full Financial Services Agency (FSA) approval.
Key Takeaways:
SBI Shinsei Trust Bank issued JPYSC on June 24, 2026, as Japan’s first Type III trust-backed yen stablecoin.JPYSC carries no transaction caps and allows up to 50% JGB reserves, advantages JPYC cannot match.SBI VC Trade handles distribution initially, with public blockchain expansion pending regulatory and tax clarity.JPYSC is built for institutional and enterprise use, not retail. Primary targets include:
Corporate treasury management and high- volume settlements Cross-border payments with reduced foreign exchange volatility Tokenized real-world asset issuance and settlement On-chain dividend distribution AI agent payment railsSBI Chairman Yoshitaka Kitao said the project aims to accelerate “digital financial services that are fully integrated with traditional finance.” Startale CEO Sota Watanabe pointed to AI agent infrastructure and tokenized assets as core long-term use cases.
What’s Next
