Startale and SBI Announce Plans for Institutional Yen Stablecoin

Blockchain firm Startale Group and financial conglomerate SBI Holdings have partnered to issue a Japanese yen stablecoin. The alliance pairs Startale’s technical background in projects like the Soneium network with SBI’s robust position in Japan’s financial sector.

The partners framed the initiative as a response to the unstoppable rise of the ‘token economy’. Their goal is to use the globally circulated stablecoin to rapidly advance services that blend digital and traditional finance. Scheduled for Q2 2026, the token is being constructed as a purpose-built, regulated instrument for cross-border institutional settlement.

Shinsei Trust & Banking will be responsible for the stablecoin’s issuance and redemption processes. Trading and circulation will be enabled through SBI VC Trade, a licensed crypto asset exchange. This development comes after Startale recently introduced its own dollar stablecoin, USDSC, on Soneium.

The two stablecoins are expected to be complementary components of the infrastructure for a planned tokenized stock exchange that will operate continuously, developed by the Startale-SBI collaboration.