SBI and Startale Group to launch regulated JPYSC yen stablecoin in Japan

SBI Holdings and Startale Group are collaborating to introduce JPYSC, a yen-denominated stablecoin, aimed at providing a regulated digital currency alternative for institutional finance and cross-border payments in Japan. Scheduled to be launched in the second quarter of 2026, JPYSC will be issued by SBI Shinsei Trust Bank, a trust bank-enhanced currency, operating under Japan’s Type III electronic payment instrument guideline. This framework is tailored to conform to Japan's stringent financial laws, offering both regulatory clarity and legal protection for its users. The stablecoin's primary focus is on instituting a digitized payment system that connects traditional banking with blockchain, enabling transparent and secure high-volume transactions ideal for institutional settlements. SBI VC Trade will act as the chief distribution channel, with Startale handling the blockchain development side of the project. Ahead of the launch, several banks and corporate entities have shown preliminary interest in utilizing JPYSC, evidencing the growing demand for digital currency solutions in the financial sector. The completion of all regulatory review processes will precede the stablecoin's market introduction.