Overview
- SBI Group and Startale Group publicly launched JPYSC on Wednesday, June 24, 2026, as a yen‑pegged stablecoin issued by SBI Shinsei Trust Bank.
- The token is built under Japan’s Type III Electronic Payment Instrument rules and uses a trust‑bank model to hold segregated reserves that give holders statutory claims against those assets.
- SBI Shinsei Trust Bank will issue and manage reserves, SBI VC Trade will distribute the token through its verified accounts, and Startale Group will provide the blockchain technology.
- Initial access is restricted to verified SBI VC Trade account holders and reporting said regulatory sign‑off from the Financial Services Agency was expected around late June but has not been formally confirmed.
- JPYSC is pitched for institutional uses such as onchain forex, lending and tokenized asset settlement, and its launch intensifies competition with megabank projects while tax, trustee roles, blockchain rails, and wider rollout plans remain unresolved.