SBI Chairman Signals Token Economy Shift With Yen Stablecoin Move
The blockchain company Startale Group has partnered with Tokyo-listed financial behemoth SBI Holdings. Launching a stablecoin denominated in Japanese yen is the goal of the partnership. The two businesses will make use of SBI’s well-established status as one of Japan’s top financial institutions. They will also utilize Startale’s Web3 experience, which includes its part in creating the Sony-supported Soneium network.
The transition to a ‘token economy’ is now an irreversible societal trend. By circulating it both domestically and globally, we aim to dramatically accelerate the movement toward providing digital financial services that are fully integrated with traditional finance.
Yoshitaka Kitao, Chairman and President of SBI Holdings
A Build Dual Stablecoin System for Tokenized Finance
It is anticipated that the yet-unnamed stablecoin would debut in 2026’s second quarter. The initiative, according to the two businesses, is a fully regulated token designed for institutional adoption and worldwide settlement. The stablecoin‘s issuance and redemption will be managed by Shinsei Trust & Banking, a division of SBI Shinsei Bank. The token will be distributed by SBI VC Trade, a certified Crypto Asset Exchange Service Provider.
Startale USD (USDSC), an institutional-grade dollar stablecoin for payments, rewards, and liquidity throughout Soneium, was just introduced by Startale itself. For Startale-SBI’s future 24/7 tokenized stock market, the USDSC and the impending yen stablecoin are anticipated to create a complementary currency stack.
Our yen-denominated stablecoin is not just a means of everyday payment – it will play a central role in a fully on-chain world. In particular, we see enormous potential in enabling payments between AI agents and powering distributions for tokenized assets, both of which will soon become reality.
Sota Watanabe, CEO of Startale
Regulatory Green Light Boosts Yen Stablecoin Adoption in Japan
The planned collaboration by Startale and SBI is in line with regional initiatives to create and advance a stablecoin market that is tethered to the yen. The local project JPYC has been approved by Japan’s Financial Services Agency to launch as the nation’s first yen stablecoin. Simultaneously, it declared its support for a collaborative stablecoin project including SMBC, MUFG, and Mizuho Bank.
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