Banking conglomerate SBI Holdings and crypto solutions provider Startail Group have announced JPYSC, a jointly developed stablecoin pegged to the Japanese yen. This project aims to promote the development of regulated digital finance with influence in Japan and internationally.
According to a statement released on February 27, 2026, JPYSC is designed to operate on top of traditional financial systems and cryptocurrency networks. The issuance will be made by Shinsei Trust Bank, Ltd., a part of SBI Holdings, under the Japanese regulatory framework.
official launch Scheduled for Q2 2026However, this is subject to obtaining the necessary regulatory approvals. During the operational stage, SBI VC Trade Co., Ltd. will act as the primary sales partner. Startale Group will lead the technical development of the project.
It was also reported that the stablecoin will operate under a scheme that prioritizes institutional regulatory compliance. It aims to provide businesses with payment capabilities designed for high-volume transactions and settlement of tokenized assets.
Yen stablecoin with a focus on institutions
As detailed in the announcement, Japanese financial institutions and businesses are interested in stablecoins for use in financial operations and cross-border transactions. However, no name or specific promise was specified.
Regarding visual identity, both companies unveiled their logos. It is marked with a “Y” to represent a circle, as shown below. Maintain 1:1 price parity with this currency.
SBI Holdings One of Japan’s leading comprehensive financial groups.. Founded in 1999, it operates in the areas of financial services, asset management, private equity, and crypto assets.
Meanwhile, Startale Group, born in 2019 and established in Singapore, is a Web3 solution provider with strong ties to Japan. The company operates Astar Network, a homegrown cryptocurrency network, and co-developed the Soneium network with Japanese group Sony.
Stablecoin presentation It came four months after Japanese authorities approved the first Yen stablecoin.. This is a notice from the fintech company JPYC.
Meanwhile, major Japanese banks MUFG, SMBC, and Mizuho are working on launching a joint stablecoin, as announced in September, according to a report from CriptoNoticias. In that sense, this market is expected to expand in the future in Japan as well.
at the moment, The global stablecoin market has a market capitalization of approximately $312.2 billion. (USD). This sector is mainly dominated by two crypto assets that are equivalent to the US currency: Tether (USDT), which accounts for 58% of the total, and USD Coin (USDC), which accounts for 23%.
