SBI takes majority stake in Coinhako to expand crypto in Asia
The Japanese securities group is buying its way into Singapore, Japan and on-chain yen settlement at once, the first full-stack vertical a major Asian financial group has tried to build.
Every Zipp story tagged #JPYSC, newest first.
The Japanese securities group is buying its way into Singapore, Japan and on-chain yen settlement at once, the first full-stack vertical a major Asian financial group has tried to build.
Japan's largest online brokerage is plugging into the largest tokenized-RWA network, and the choice of JPYSC for settlement means the yen stablecoin becomes the default rail before any shares change…
JPYSC, tokenized RWAs and cross-border settlement land on Solana through a renamed SBI R3 Japan vehicle, putting a top-30 Japanese financial group behind the L1's institutional push.
The 3% yield is the signal: SBI is pricing JPYSC lending above JPY bank-deposit rates to pull capital into a yield-bearing stablecoin use case that targets Japanese retail.
JPYSC sidesteps the 1M yen cap that defined Japan's first generation of regulated stablecoins, and the trust-bank reserve structure puts it closer to US and European bank-issued stablecoin models…
The structure matters more than the ticker: JPYSC is the first yen stablecoin issued under Japan's trust framework, with SBI VC Trade distributing and Startale co-developing the rails.
The launch gives Japan its first yen stablecoin issued by a trust bank and the first classified as an electronic payment instrument under the Payment Services Act, putting a regulated bank entity…