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

Highlights:

• SBI and Startale introduced JPYSC as a regulated digital-yen option backed through a trust.
• The stablecoin begins in SBI VC Trade, while wallet transfers outside are awaiting later approval.
• Its trust model allows bigger yen movements and keeps each token equal to one yen.

SBI Group and Startale Group have launched JPYSC, Japan’s first trust-backed yen stablecoin. SBI VC Trade announced the launch on Wednesday and said the token is now available first inside SBI VC Trade accounts.

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JPYSC is linked to the Japanese yen and maintains a fixed value of one yen per token. This gives users a stable digital payment option, unlike many cryptocurrencies that can rise or fall quickly in price. The stablecoin is issued by SBI Shinsei Trust Bank. SBI VC Trade handles its distribution. The project was developed by SBI Group and Singapore-based fintech company Startale Group.

🚨JUST NOW: JAPAN JUST GOT ITS FIRST TRUST-BACKED YEN STABLECOIN

SBI Group is launching JPYSC, a yen-pegged stablecoin issued through SBI Shinsei Trust Bank.

JPYSC’s trust structure lets it bypass Japan’s ¥1M transaction limit, making it more useful for large settlements.

This… pic.twitter.com/zx5md5GQ1t

— Coin Bureau (@coinbureau) June 24, 2026

JPYSC Starts Inside SBI VC Trade

At launch, JPYSC can only be used inside SBI VC Trade accounts. Users can buy and sell the token on the platform, but they cannot yet move it to external wallets.

SBI said the limited start gives priority to user protection and compliance. The company plans to allow JPYSC to move on public blockchains after legal and tax rules become clearer. It also said this move will need confirmation from regulators. The company has already completed the technical and practical work for use on public blockchains. However, it will launch the wider rollout later. For now, payment and transfer features linked to public blockchain use should be seen as future plans.

Stable Yen Token Built for Larger Payments

JPYSC uses a trust structure. This makes it different from fund-transfer-type stablecoins in Japan. According to SBI, JPYSC is not subject to the usual 1 million yen limit on transfers or balances.

This feature could make the token useful for larger yen payments and corporate settlements in the future. SBI says JPYSC may support large fund transfers, cheaper remittances, and more flexible movement of money once wider use becomes available.

SBI VC Trade says the token trades at a fixed price of 1 JPYSC to 1 yen on its platform. It also says there is no spread when users buy or sell JPYSC through the sales service. The minimum order size is 1 JPYSC, while the maximum order size is 100 million JPYSC per transaction. At this stage, users cannot use JPYSC to buy cryptocurrencies on SBI VC Trade. The platform also lists Ethereum as the supported network for future deposits and withdrawals, with more blockchains planned later.

Public Blockchain Use Remains the Next Step

SBI and Startale expect JPYSC to support several future use cases after public blockchain access becomes available. These include on-chain foreign exchange markets, tokenized asset settlement, retail payments, merchant settlement, cross-border transfers, and institutional trading.

SBI VC Trade is also planning to soon launch a lending service for JPYSC holders. The company said it would share more details once the service terms are finalized. JPYSC’s launch comes as Japan’s three megabanks prepare to deal in stablecoins this year. MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking Corporation are exploring stablecoin use cases for business payments.

$7T Japanese Banking Giants Unite For Stablecoin Push

Japan's three largest banks are planning a joint stablecoin launch by 2027, per Nikkei.

Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho manage more than $7 trillion in combined assets.

The initiative follows a pilot conducted… pic.twitter.com/1y04a7pF7p

— BSCN (@BSCNews) June 10, 2026

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