JPYSC
JPYSC is the first Japanese Yen stablecoin backed by a trust bank, issued by SBI Shinsei Trust & Banking in partnership with Startale Group under Japan’s “Electronic Payment Instruments” framework.JPYSC is a digital asset (stablecoin) designed to be pegged to the Japanese yen at a 1:1 ratio, offering the benefits of price stability and instant settlement. It combines the convenience of blockchain with the security of a trust-based system, providing a new option for large-scale fund transfers and settlement.
Overview
JPYSC is the first Japanese Yen stablecoin backed by a trust bank, issued by SBI Shinsei Trust & Banking in partnership with Startale Group under Japan’s “Electronic Payment Instruments” framework.JPYSC is a digital asset (stablecoin) designed to be pegged to the Japanese yen at a 1:1 ratio, offering the benefits of price stability and instant settlement. It combines the convenience of blockchain with the security of a trust-based system, providing a new option for large-scale fund transfers and settlement.
- Sector
- # Stablecoins
- Ecosystem
- Ethereum
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
Related news
Market updates
Sumitomo Mitsui FG plans to invest SBI Startale Marketing 5%, expanding JPYSC applications
Sumitomo Mitsui FG plans to invest in SBI approximately in a joint venture with Startale 5%, promoting the yen stablecoin JPYSC in asset management, payments, and blockchain financial products.
SBI Strategic cooperation memorandum signed with Cross River's parent company; joint venture planned in Japan to advance RWA tokenization
SBI Holdings and CRB Group have signed a strategic cooperation memorandum and plan to establish a joint venture in Japan to explore RWA tokenization, cross-border payments, and AI agentic trading payment infrastructure. The arrangements remain subject to definitive agreements and regulatory approvals.
BlackRock,SBI Holdings, and Startale sign MOU to explore connecting tokenized MMF with JPYSC
BlackRock-related entities and SBI Holdings and Startale sign a memorandum of understanding to explore connecting tokenized MMF with a yen stablecoin JPYSC.
Shinhan Card and SBI collaborate to explore cross-border payment and settlement using a yen stablecoin
Shinhan Card is working with SBI-related subsidiaries to study applications of a yen stablecoin in payments, transfers, and trade settlement between South Korea and Japan. The project remains at an early stage, and the type of stablecoin and testing timeline have not been disclosed.
People updates
No related people updates.