On the 27th, SBI Holdings and Startale Group announced that their jointly developed Japanese yen–denominated stablecoin will be issued under the name “JPYSC.”
Yoshitaka Kitao, Representative Director, Chairman, President & CEO of SBI Holdings, also spoke about JPYSC during his presentation at the “MoneyX 2026” conference currently being held in Tokyo.
According to Kitao, the companies aim to issue JPYSC in the first quarter of fiscal year 2026. The stablecoin will be issued by SBI Shinsei Trust Bank as a trust-type Type III electronic payment instrument. This structure will exempt it from the ¥1 million cap typically applied to domestic transfers and holdings, thereby enabling large-scale transactions by institutional investors.
Kitao also expressed his ambition to build a global stablecoin settlement framework utilizing JPYSC, USDC (already listed on SBI VC Trade), and RLUSD, which is currently being prepared for listing. As part of this strategy, he mentioned leveraging Coinhako, a Singapore-based crypto exchange that SBI is in the process of acquiring.
Kitao further outlined additional Web3-related initiatives within the SBI Group.
According to his remarks, SBI intends to further diversify the business of SBI VC Trade, positioning it more strongly as a “digital bank.” As part of this strategy, the group plans to obtain a money lending license and launch crypto-backed loan services.
In addition, SBI plans to introduce a USDC lending service, further expanding its crypto-related offerings under the SBI brand.
It was also revealed that SBI Group plans to acquire a 20% stake in Startale Group and appoint Startale CEO Sota Watanabe as an external director. Furthermore, SBI and Startale will establish two joint ventures to promote the adoption of JPYSC and related initiatives.
During his speech, Kitao repeatedly emphasized the differences in tax systems and regulations between Japan and overseas markets, stressing the urgency of action. “If we do not move with speed, we will lose to overseas competitors. That is why we will proceed with overwhelming speed, dedicating ourselves fully to Japan’s future,” he stated.
He also reaffirmed SBI Group’s commitment to advancing on-chain transformation and integrating IT across both finance and media businesses.
Reference: Announcement
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