SBI Holdings has signed an agreement with Singapore based-Startale Group to develop and launch a regulated Japanese yen stablecoin, targeting deployment in Q2 2026.
The stablecoin will be issued by Shinsei Trust & Banking, a wholly owned subsidiary of SBI Shinsei Bank. This classification as a trust bank issued stablecoin means it will not be subject to the 1 million yen limit on domestic remittances and fund balances that applies to fund transfer company issued stablecoins in Japan.
The partnership brings together Startale’s blockchain technology capabilities with SBI’s extensive financial infrastructure. SBI ranks among the most consequential digital asset investors globally, with holdings including B2C2, one of the largest crypto market makers, and the Osaka Digital Exchange (ODX), which operates Japan’s only regulated secondary market for security tokens.
Startale will lead technology development, including smart contract and API design, security and compliance systems, and ecosystem expansion. SBI VC Trade, the group’s licensed crypto asset exchange, will facilitate circulation, while various SBI Group companies will support institutional and investor adoption.
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