SBI Holdings and Startale Unveil JPYSC: A Trust Bank-Backed Stablecoin for the Enterprise Sector
SBI Holdings and Startale Group officially unveiled "JPYSC" on Friday with a view to bridge traditional banking with the burgeoning Web3 economy, branding it as the first Japanese Yen stablecoin backed by a trust bank.
The strategic alliance positions JPYSC as a fully regulated digital asset designed for institutional adoption. According to the companies, the stablecoin will be issued by Shinsei Trust & Banking as a "Type III Electronic Payment Instrument." This specific classification places the asset strictly under Japan’s rigorous regulatory framework, ensuring adherence to financial laws required for high-volume corporate and cross-border settlements.
While Startale Group has been designated as the core partner leading technical development, SBI VC Trade will serve as the primary distribution channel. The companies aim to create a seamless infrastructure that integrates with both legacy financial systems and blockchain networks, facilitating the settlement of tokenized assets.
“The official launch remains on track for Q2 2026, subject to completion of all necessary regulatory approvals,” the groups stated. They cited strong early interest from major financial institutions and corporate entities looking to utilize the digital currency for operational and treasury purposes.
The unveiling included the debut of the JPYSC logo—a blue emblem designed to symbolize stability and global connectivity—marking the latest step in SBI Holdings' broader strategy to expand its internet-based financial ecosystem into the next generation of digital finance.
Norbert Gehrke
