Overview
- Shinsei Trust & Banking is designated to issue and redeem the yen-pegged token, with circulation managed by licensed exchange SBI VC Trade.
- Startale will deliver the blockchain stack, smart contracts, and security infrastructure, while SBI handles compliance and institutional distribution.
- Under the FSA framework and Payment Innovation Project, the token is planned as a Type 3 Electronic Payment Instrument that would avoid Japan’s ¥1 million cap on many digital transfers, with launch targeted for Q2 2026 pending approval.
- The stablecoin is designed for FX settlement, cross-border payments, and tokenized real‑world assets, operating alongside Startale USD (USDSC) on the Soneium network.
- SBI’s Yoshitaka Kitao cast tokenized settlement as an irreversible trend, and the partners are positioning the yen token for a share of a roughly $300 billion stablecoin market dominated by dollar-pegged coins.