Assets · Stablecoin · issued by SBI Shinsei Trust & Banking
JPYSC (JPYSC)Updated 27 Oct 2026
Trust-type yen stablecoin issued by SBI Shinsei Trust & Banking as an electronic payment instrument; held within SBI VC Trade accounts for now.
- Value per token
- ¥1
Issued through JPYSC trust-type yen stablecoin (SBI Shinsei Trust & Banking) Live (limited)
Classification · medium confidence
- Legal form
- Stablecoin from regulator register
- Underlying
- Money · Money 95%, Government debt 5% (7 Sep 2026)
- Value behaviour
- Stable value · no income
- Ledger role
- Native
- Legal labels
- trust-type electronic payment instrument (trust beneficial right, Payment Services Act) (Japan)[1]
Trust assets at 7 Sep 2026: about ¥1bn in short-term Japanese government bonds out of about ¥20.1bn issued (about 5%); the rest is bank deposits, which the Payment Services Act requires for at least half of a trust-type stablecoin's reserve (the release gives no deposit figure, so the 95% is the residual). Medium: issuer release, one dated reading.
Sourced[2]. How assets are classified: methodology.
Contracts
No contract addresses recorded yet.
Sources
- [1]SBIグループおよびStartale Groupによる、国内初の信託型円建てステーブルコイン「JPYSC」の提供開始に関するお知らせ — SBI Holdings, SBI Shinsei Bank, SBI Shinsei Trust & Banking, SBI VC Trade and Startale Group (joint release), 24 Jun 2026. Accessed 12 Oct 2026. In Japanese; our summary is translated.B
- [2]国内初の信託型円建てステーブルコイン「JPYSC」、裏付け資産の一部で日本国債の運用を開始 — SBI Shinsei Trust & Banking and SBI VC Trade (joint release), 7 Sep 2026. Accessed 27 Oct 2026. In Japanese; our summary is translated. From 7 Sep 2026, ¥1bn of the trust assets backing JPYSC is invested in short-term Japanese government bonds; JPYSC outstanding was about ¥20.1bn. Under the amended Payment Services Act (in force 1 Jun 2026) trust-type stablecoin reserves may hold up to 50% in government bonds of no more than 3 months or time deposits; before that they had to be held, in principle, as demand deposits..B