Announced details
On-chain foreign exchange markets, lending for institutional investors, on-chain carry trades, settlement for RWAs and tokenized assets, domestic retail payments, merchant settlement, and cross-border remittances and international payments
Remittance costs are significantly lower. There are no monetary limits on the amount transferred or moved per transaction or on account balances.
An equity-method affiliate of SBI Holdings, Inc. Jointly developing JPYSC. SBI Shinsei Trust Bank is the issuer, SBI VC Trade is the entrusting issuer and distribution operator, and SBI Shinsei Bank provides support as the parent company.
A Singapore-based fintech company engaged in developing blockchain infrastructure, implementing on-chain applications, and developing use cases with operating companies and financial institutions.
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
Based on research by the companies (as of 24 June 2026)
| Item | Details |
|---|---|
| Names of Products / Services Covered | Trust-based yen-denominated stablecoin “JPYSC” |
| Counterparty | Startale Group Pte. Ltd. |
| Counterparty overview | A Singapore-based fintech company engaged in developing blockchain infrastructure, implementing on-chain applications, and developing use cases with operating companies and financial institutions. |
| Relationship with the Company | An equity-method affiliate of SBI Holdings, Inc. Jointly developing JPYSC. SBI Shinsei Trust Bank is the issuer, SBI VC Trade is the entrusting issuer and distribution operator, and SBI Shinsei Bank provides support as the parent company. |
| Launch date | 24 June 2026 (initial offering; actual) |
| Applicable area | On-chain foreign exchange markets, lending for institutional investors, on-chain carry trades, settlement for RWAs and tokenized assets, domestic retail payments, merchant settlement, and cross-border remittances and international payments |
| Quantitative Effects | Remittance costs are significantly lower. There are no monetary limits on the amount transferred or moved per transaction or on account balances. |
| Source | Based on research by the companies (as of 24 June 2026) |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To establish a legally clear yen-denominated settlement and liquidity infrastructure through a trust-based stablecoin, with the aim of significantly reducing remittance costs, supporting large-value transfers, and expanding its use in on-chain financial markets and tokenized assets in Japan and overseas.