jpysc

According to CoinDesk, Japanese financial giant SBI Holdings plans to acquire a 20% stake in Indonesian online brokerage Ajaib Group for $270 million by the end of this month to expand the circulation of its yen stablecoin JPYSC in Southeast Asia and utilize blockchain technology to build cross-border settlement infrastructure.Ajaib provides a foothold for SBI to enter the Indonesian market. Indonesia is one of the largest retail investment markets in ASEAN, with over 20 million retail investors and an estimated retail market size of $375 billion. Ajaib operates online brokerage, forex margin trading, cryptocurrency, and asset management businesses in Indonesia, and this $270 million deal is also the largest tech financing in Indonesia in years.SBI Chairman and President Yoshitaka Kitao stated that in the era of tokenization, the importance of global digital asset infrastructure is becoming increasingly prominent. This investment is part of SBI's strategy in Southeast Asia, having previously acquired Singapore cryptocurrency exchange Coinhako for about $100 million and invested in Singapore digital securities trading platform DigiFT. The Japanese government has also recently announced plans to build blockchain infrastructure for stocks and government bonds, with the expectation of launching 24/7 on-chain settlement in the early 2030s.

SBI Group, DigiFT, and Startale Group have completed a joint proof of concept, demonstrating the full lifecycle of tokenized securities using the Japanese yen stablecoin JPYSC in an Ethereum testnet environment, including instant settlement for fund subscriptions and automatic on-chain dividend distribution.SBI Group and DigiFT are advancing the tokenization of the SBI Japan High Dividend Equity Fund, which is managed by SBI Asset Management with an asset management scale of approximately $1.3 billion, making it one of Japan's major public equity strategies. The three parties completed two tests, one demonstrating the near-instant settlement of fund subscriptions using JPYSC, and the other automatically calculating and distributing dividends to eligible token holders' wallets via smart contracts after the allocation registration is completed.The three companies plan to explore the integration of tokenized Japanese stocks with institutional DeFi platforms and consider testing use cases such as collateralized lending and on-chain asset management with ecosystem partners like Morpho and Gauntlet.

Japan's SBI Group plans to launch a lending service that offers a 3% annual yield on the JPYSC stablecoin held by users. The service is expected to go live as early as this month.

Japan's financial group SBI Holdings announced the official issuance of the yen stablecoin JPYSC, with the first issuance completed. This stablecoin is managed by SBI Shinsei Trust Bank for reserve asset management, while the licensed cryptocurrency trading platform SBI VC Trade is responsible for circulation and distribution. SBI stated that JPYSC is Japan's first yen stablecoin managed by a trust bank and is also the first to be recognized as a "similar product to electronic payment means" under the Payment Services Act. Unlike the previously launched fund transfer-type stablecoins in Japan, JPYSC is not subject to a single transaction and account balance limit of 1 million yen.SBI expects that JPYSC will attract retail and institutional users with lower transaction costs and the ability to support large transactions, and it can serve as the yen-based asset for on-chain foreign exchange markets, institutional lending, and RWA (real-world asset) tokenized settlements. Currently, JPYSC is only available to SBI VC Trade account holders, with plans to expand its usage after regulatory and tax frameworks are further clarified. SBI also plans to launch JPYSC lending services.In recent years, Japan has been continuously promoting compliant stablecoins to integrate into the mainstream financial system. Following the approval of JPYC in 2025 as Japan's first legally recognized yen stablecoin, Japan's three major banks—Mitsubishi UFJ Bank (MUFG), Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank—are also jointly advancing stablecoin projects, with plans to launch commercial trading in the fiscal year 2026.

According to the Nikkei, the SBI Group has obtained approval from the Financial Services Agency of Japan and plans to issue a yen-pegged stablecoin, JPYSC, within this week, becoming the first trust-type stablecoin in Japan.The stablecoin is issued by SBI Shinsei Trust Bank, with SBIVC Trade responsible for trading, and it is jointly developed with Singapore fintech company Startale Group. The SBI Group plans to deeply integrate JPYSC with its financial services, including securities, crypto assets, and banking, to enhance user convenience.

Sota Watanabe, CEO of Japanese Web3 infrastructure company Startale, stated that the world's first bank-backed yen stablecoin, JPYSC, will be launched within a few months. The goal is to use the yen as the lowest-cost financing currency to invest in high-growth assets on-chain, such as U.S. stocks.In March of this year, Startale Labs announced the completion of a $63 million Series A funding round, led by Sony Innovation Fund, with participation from Asian industry and financial giants such as Samsung Next, UOB Venture Management, and SBI Holdings.

Japan's financial group SBI Holdings and Startale Group announced the launch of the yen stablecoin JPYSC, aimed at institutional and cross-border payment scenarios.The stablecoin is issued and managed in trust by SBI Shinsei Trust Bank, complying with Japan's digital asset regulatory framework. SBI's trading platform, SBI VC Trade, will serve as the main distribution channel, while Startale is responsible for technical development. Both parties stated that the trust bank support model helps enhance governance and compliance assurance, promotes the use of the yen in the digital financial system, and provides a compliant alternative to the currently dollar-dominated stablecoin market. The project is expected to go live in the second quarter of this year after obtaining regulatory approval. In recent years, Japan has been actively advancing the construction of a stablecoin system. The revision of the Payment Services Act in 2022 defined fiat-backed stablecoins as "electronic payment instruments"; last October, Japan approved the issuance of the yen stablecoin JPYC. The three major banks MUFG, SMBC, and Mizuho have also launched pilot projects for stablecoins and tokenized deposits.