A new yen-pegged stablecoin is in development from Japanese financial powerhouse SBI Holdings and blockchain specialist Startale Group. The joint venture will draw on SBI’s domestic financial clout and Startale’s Web3 experience, including its work on the Sony-backed Soneium blockchain.
Citing an “irreversible” trend toward a token-based economy, SBI leadership stated the stablecoin will be circulated internationally to deeply integrate digital and traditional finance. Launch is planned for the second quarter of 2026, with the token designed as a fully compliant solution for global institutional settlement.
The issuance framework will involve SBI subsidiary Shinsei Trust & Banking for minting and redeeming the coin, and licensed platform SBI VC Trade for distributing it. This follows Startale’s own launch of a dollar stablecoin, USDSC, for the Soneium ecosystem.
The two stablecoins—the new yen offering and USDSC—are envisioned to work in tandem as core settlement assets for a forthcoming 24/7 tokenized stock exchange project by the partners.
