SBI, Startale to Launch Regulated Yen Stablecoin for Global Settlement
SBI Holdings and Startale Group will develop a fully regulated, yen-denominated stablecoin for global settlement and institutional use.Summary
Startale Group and SBI Holdings have signed an MOU to develop a fully regulated, yen-denominated stablecoin aimed at global settlement and institutional adoption, leveraging Startale's blockchain technology and SBI's financial reach. Shinsei Trust & Banking will manage issuance and redemption, while SBI VC Trade will handle circulation under a licensed crypto asset exchange. This initiative aligns with Japan's new stablecoin regulations and the FSA’s Payment Innovation Project, positioning the token as core infrastructure for digital financial services integrated with traditional finance. The stablecoin is intended to complement Startale's existing USD stablecoin, providing the regulated yen component for FX, settlement, and tokenized asset flows, with a targeted launch in Q2 2026, pending regulatory approval.
(Source：CoinDesk)