Key Insights:
- JPYSC stablecoin targets banks, corporations, and financial institutions for treasury and cross-border payments.
- Startale develops technical infrastructure while SBI VC Trade manages distribution and enterprise-level token operations.
- Launch in Q2 2026 pending Japanese regulator approval, with interest from institutional financial firms.
SBI Holdings and Startale Group have announced a new Japanese yen stablecoin called JPYSC. The token will be issued by SBI Shinsei Trust Bank and distributed through SBI VC Trade. The launch is expected in the second quarter of 2026, pending approval from Japanese regulators.
JPYSC is aimed at institutional users for purposes such as treasury operations, cross-border payments, and tokenized asset settlements. Startale Group will handle the technical development, while SBI VC Trade will manage distribution. The stablecoin is classified as a Type III electronic payment instrument under Japan’s financial laws.
Focus on Institutional Use
The stablecoin is intended for banks, financial companies, and large corporations. Several firms have reportedly shown early interest in using JPYSC for high-volume transactions and international settlements.
Being backed by a trust bank provides regulatory safeguards. “There is no direct confirmation yet of JPYSC launching on XRPL,” the companies said, leaving uncertainty about which blockchain networks will support it.
The Type III framework offers oversight and legal protections for organizations using the token. JPYSC is designed to work alongside existing banking systems and blockchain networks, enabling institutions to manage funds digitally.
Technical Setup and Distribution
Startale Group will provide the infrastructure to support enterprise-level transactions. SBI VC Trade will serve as the main distribution partner, handling token operations and flow.
The system is built to connect traditional finance with blockchain networks. “Integration with existing financial systems is plausible but not confirmed,” a representative said.
Launch Schedule
The official release of JPYSC is planned for Q2 2026, subject to regulatory approval by Japan’s Financial Services Agency. Early interest from banks and large firms indicates demand for a regulated yen-based alternative to USD stablecoins.
The project is intended to link digital payments with established banking systems while ensuring compliance with Japanese laws. The companies have emphasized security, transparency, and performance for enterprise users.
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Source: https://coincu.com/news/crypto/japan-sbi-and-startale-launch-first-bank/