Startale and SBI to Launch Japan’s First Trust Bank-Backed Yen Stablecoin

Regulatory approvals are pending as Startale Group and SBI Holdings prepare JPYSC, a trust bank-backed yen stablecoin for cross-border use and on-chain payments.

Rich by Coin

2026-03-01

The Startale Group and SBI Holdings have announced plans to launch JPYSC, a yen-stablecoin backed by a trust bank in Japan, set for the second quarter of 2026. The stablecoin will be issued by SBI Shinsei Trust Bank under Japan’s regulatory framework.

JPYSC is targeted at institutional and cross-border use, intended to elevate the yen’s role in digital finance, currently led by USD-backed stablecoins. SBI VC Trade will be the main distribution partner, with Startale Group overseeing the technical development.

The project aims to bridge traditional finance and blockchain networks by providing a regulated yen-denominated option for operations payments, treasury management, and cross-border settlements. Regulatory approvals are required, and the stablecoin is expected to support on-chain payments and future distributions of tokenized assets.