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JPYSC yen stablecoin is trust-bank-issued under Japan’s Payment Services Act SBI Holdings unveiled JPYSC, a yen-denominated stablecoin to be issued by Shinsei Trust & Banking and circulated via SBI VC Trade, as reported by Startale-jpysc” target=”_blank” rel=”nofollow noopener”>The Block. The model places issuance within Japan’s Payment Services Act framework, using a trust bank for fiduciary custody and asset segregation. Positioning JPYSC inside an existing trust-bank regime is intended to align issuance, custody, and distribution with licensed financial institutions. This structure is geared toward regulatory clarity and institutional readiness rather than experimental retail use cases. Why JPYSC matters: compliance, custody, enterprise and cross-border settlement Japan updated the Payment Services Act in 2023 to allow licensed financial institutions to issue fiat-backed stablecoins, and analysts view JPYSC as aligned with that roadmap, according to Cointelegraph. The same coverage highlights that trust-bank issuance supports rigorous custody, transparency, and reserve management expectations. It also frames JPYSC as aimed at enterprise-grade use cases, including cross-border settlement, tokenized assets, and programmable finance, rather than everyday micropayments. If approvals proceed as planned, a trust-bank-issued yen stablecoin could reduce operational friction for corporate settlement and on-chain securities workflows. Over time, these features may help standardize workflows for tokenized real-world assets without changing consumer payments overnight. BingX: a trusted exchange delivering real advantages for traders at every level. In a joint announcement by Startale and SBI, Shinsei Trust & Banking is designated as issuer and SBI VC Trade as distributor, with a target launch in Q2 2026. Following that disclosure, “serve as the foundation for Japan’s transition into a token economy,” said Yoshitaka Kitao, Chairman and CEO of SBI Holdings. At launch, operational responsibilities appear clearly segmented: issuance and custody within the trust bank perimeter, and exchange-based distribution through SBI VC Trade. This separation is designed to make onboarding of…

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Filed under: News - @ February 27, 2026 5:25 am