Odaily Planet Daily News: Japanese financial group SBI Holdings and Web3 infrastructure company Startale Group have signed a memorandum of understanding (MoU) to develop a fully regulated Japanese Yen-pegged stablecoin, aiming to tokenize asset markets and facilitate global settlements. According to the MoU, the project will be issued and redeemed by Shinsei Trust & Banking, a wholly owned subsidiary of SBI Shinsei Bank, and supported by licensed crypto asset trading service provider SBI VC Trade to facilitate circulation of the stablecoin. Yoshitaka Kitao, Representative Director, Chairman, and President of SBI Holdings, stated that issuing a Japanese Yen stablecoin with Startale will serve as the foundation for Japan’s transition to a token economy. The stablecoin is expected to launch in Q2 2026, contingent upon regulatory approval and the completion of the compliance framework. This move comes as Japan accelerates stablecoin issuance under a clear regulatory framework, positioning trust banks and licensed entities at the core of on-chain settlement infrastructure.
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