SBI Holdings and Startale Launch Yen Stablecoin for Institutional Use

SBI Holdings and Startale Group have partnered to introduce JPYSC, a Japanese yen stablecoin designed for institutional use. Issued by SBI Shinsei Trust Bank, the token will enable banks, financial companies, and large corporations to manage funds digitally.

The Type III electronic payment instrument framework provides regulatory safeguards and oversight for organizations using JPYSC. This allows institutions to integrate digital payments with established banking systems while ensuring compliance with Japanese laws.

Startale Group will handle the technical development of JPYSC, while SBI VC Trade will manage distribution and enterprise-level token operations. The system is built to connect traditional finance with blockchain networks.