SBI Holdings to Launch Japan's First Trust-Bank Issued Yen Stablecoin

SBI Holdings has announced plans to launch Japan's first trust-bank issued yen stablecoin, marking a significant milestone in the country's digital finance landscape. The new stablecoin, JPYS C, will be managed by SBI Shinsei Trust Bank and is set to launch in the second quarter.

The initiative represents a strategic push into Web3 infrastructure, leveraging a trust-bank model that aligns with Japan's evolving stablecoin regulations. By requiring issuance through licensed banks or trust companies, Japan has taken a cautious but structured approach to stablecoins, emphasizing banking oversight and reserve transparency.

JPYS C is expected to provide a compliant on-ramp for trading, settlement, and decentralized finance applications denominated in JPY, potentially strengthening Japan's competitive position in Asia's rapidly evolving stablecoin landscape. The launch represents a significant step towards integrating traditional finance safeguards with blockchain infrastructure in Japan's digital asset ecosystem.