Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denominated stablecoin. The project aims to issueStartale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denominated stablecoin. The project aims to issue

Startale, SBI Holdings to Develop Japan’s Regulated Yen Stablecoin

Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denominated stablecoin.

The project aims to issue a trust-based Type 3 Electronic Payment Instrument, which is not subject to Japan’s ¥1 million cap on domestic remittances and account balances.

The stablecoin will support domestic and cross-border use, enabling payments, settlement, and tokenised digital-market applications.

The partners plan to launch it in Q2 2026, subject to the completion of regulatory and compliance requirements.

Under the agreement, Startale will oversee technology development, including smart contracts, APIs, security, and compliance systems, as well as ecosystem expansion.

The SBI Group will lead regulatory coordination and distribution, and support institutional and investor adoption.

Shinsei Trust & Banking, a subsidiary of SBI Shinsei Bank, will manage issuance and redemption as the trust bank, while SBI VC Trade will support circulation as a licensed crypto asset exchange service provider.

Yoshitaka Kitao, Chairman and President of SBI Holdings, said:

Yoshitaka KitaoYoshitaka Kitao

Sota Watanabe, CEO of Startale Group, said:

Sota WatanabeSota Watanabe

Japan has established a legal framework for fiat-backed stablecoins, positioning itself as a regulated environment for digital asset development.

The project builds on previous collaboration between the two groups in tokenised financial instruments. It aims to extend regulated yen settlement into blockchain-based financial infrastructure.

Featured image credit: Edited by Fintech News Hong Kong, based on image by starline via Freepik

The post Startale, SBI Holdings to Develop Japan’s Regulated Yen Stablecoin appeared first on Fintech Hong Kong.

Market Opportunity
Intuition Logo
Intuition Price(TRUST)
$0.1091
$0.1091$0.1091
-1.08%
USD
Intuition (TRUST) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Regulation Advances While Volatility Masks the Bigger Picture

Regulation Advances While Volatility Masks the Bigger Picture

The post Regulation Advances While Volatility Masks the Bigger Picture appeared on BitcoinEthereumNews.com. The Crypto Market Feels Shaky — But Here’s What Actually
Share
BitcoinEthereumNews2025/12/20 04:06
U.S. Labor Market Weakness Forecasts Potential Fed Rate Cuts

U.S. Labor Market Weakness Forecasts Potential Fed Rate Cuts

Anxin analyst Chris Yoo signals U.S. labor market strains prompting possible Federal Reserve rate cuts.Read more...
Share
Coinstats2025/12/20 03:48
Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto

Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto

The post Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Forward Industries, the largest publicly traded Solana treasury company, has filed a $4 billion at-the-market (ATM) equity offering program with the U.S. SEC  to raise more capital for additional SOL accumulation. Forward Strategies Doubles Down On Solana Strategy In a Wednesday press release, Forward Industries revealed that the 4 billion ATM equity offering program will allow the company to issue and sell common stock via Cantor Fitzgerald under a sales agreement dated Sept. 16, 2025. Forward said proceeds will go toward “general corporate purposes,” including the pursuit of its Solana balance sheet and purchases of income-generating assets. The sales of the shares are covered by an automatic shelf registration statement filed with the US Securities and Exchange Commission that is already effective – meaning the shares will be tradable once they’re sold. An automatic shelf registration allows certain publicly listed companies to raise capital with flexibility swiftly.  Kyle Samani, Forward’s chairman, astutely described the ATM offering as “a flexible and efficient mechanism” to raise and deploy capital for the company’s Solana strategy and bolster its balance sheet.  Advertisement &nbsp Though the maximum amount is listed as $4 billion, the firm indicated that sales may or may not occur depending on existing market conditions. “The ATM Program enhances our ability to continue scaling that position, strengthen our balance sheet, and pursue growth initiatives in alignment with our long-term vision,” Samani said. Forward Industries kicked off its Solana treasury strategy on Sept. 8. The Wednesday S-3 form follows Forward’s $1.65 billion private investment in public equity that closed last week, led by crypto heavyweights like Galaxy Digital, Jump Crypto, and Multicoin Capital. The company started deploying that capital this week, announcing it snatched up 6.8 million SOL for approximately $1.58 billion at an average price of $232…
Share
BitcoinEthereumNews2025/09/18 03:42