SBI Holdings Targets Q2 Launch for Trust Bank-Backed Yen Stablecoin

Reading Time: < 1 minute

Japan’s financial services giant SBI Holdings has teamed up with Startale Group to introduce JPYSC, a Japanese yen-denominated stablecoin backed by a trust bank and aimed at institutional and cross-border use cases.

The partners are targeting a second-quarter launch as they seek to position the yen more prominently within the digital asset ecosystem.

According to a press release from Startale, JPYSC will be issued and managed by SBI Shinsei Trust Bank in accordance with Japan’s digital asset regulations, making it the country’s first stablecoin structured around a trust bank model. Distribution will be led by SBI VC Trade, the group’s crypto exchange arm, while Startale will oversee the token’s technical development.

The companies said they see a trust bank-backed yen stablecoin as a regulated alternative in a market currently dominated by US dollar-pegged tokens.

By anchoring issuance within a licensed trust bank framework, the initiative aims to enhance governance standards, operational safeguards and regulatory oversight—key factors for broader adoption among financial institutions.