TOKYO / LONDON (IT BOLTWISE) – Japanese financial group SBI Holdings and Web3 infrastructure company Startale Group have signed a letter of intent to develop a fully regulated stablecoin. This will be denominated in Japanese yen and will be used in both domestic and global markets. The aim is to accelerate the integration of digital financial services with traditional financial systems.
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Japanese financial group SBI Holdings and Web3 infrastructure company Startale Group have signed a letter of intent to develop a fully regulated stablecoin denominated in the Japanese yen. This stablecoin is intended to be used in both domestic and global markets and aims to accelerate the integration of digital financial services with traditional financial systems. Issuance and redemption of the stablecoin will be handled by Shinsei Trust & Banking, a subsidiary of SBI Shinsei Bank, while SBI VC Trade will support circulation.
Yoshitaka Kitao, chairman of SBI Holdings, emphasized that the launch of a yen stablecoin represents an important step in Japan’s transition to a token economy. The global circulation of the stablecoin is expected to significantly accelerate the provision of digital financial services that are fully integrated into the traditional financial world. The stablecoin is scheduled to launch in the second quarter of 2026, subject to regulatory approvals and completion of compliance frameworks.
Japan is intensifying its efforts to formalize the issuance of stablecoins under a clear regulatory framework. The country’s Financial Services Agency (FSA) recently launched its Payment Innovation Project, a regulatory sandbox for blockchain-based payments. Initial pilot projects support yen-denominated stablecoins issued by three of the country’s largest banks: Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corp. and Mizuho Bank.
With this in mind, Startale and SBI’s collaboration plans to complement the bank-led pilots by introducing a programmable, escrow-issued digital yen for cross-border settlements and tokenized assets. SBI has established itself as a central player in Japan’s evolving stablecoin landscape, pursuing a multicurrency strategy that targets both dollar- and yen-denominated assets.
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