Startale Japan launches digital corporate bond paid in JPYSC stablecoin

Startale Japan announced on Oct. 6 a digital corporate bond that pays both scheduled interest and final principal redemption in JPYSC, a yen-denominated stablecoin. The company presents it as Japan's first bond of this kind, in a Tokyo statement carried by Chainwire.

The legal issuer is Startale Japan Co., Ltd., a wholly owned subsidiary of Singapore-based Startale Group. The offering is limited to individual investors and companies in Japan and is not open to overseas buyers, that notice says.

The bond puts a regulated yen stablecoin inside a conventional financing instrument. Instead of paying coupons and principal through traditional rails, every payout across the bond lifecycle goes out in JPYSC, DailyCoin wrote in Oct. 6 coverage.

JPYSC is issued by SBI Shinsei Trust Bank, which also manages the trust assets backing it. The stablecoin is designed to track the yen one to one and qualifies as a Type 3 Electronic Payment Instrument under Japan Payment Services Act, in the company release.

Roles split across the SBI group and Startale. SBI VC Trade acts as issuance trustor and leads issuance and distribution, while Startale Group supplies the technology behind JPYSC. The bond brings those pieces together in a corporate financing for the first time, that announcement says.

Sota Watanabe, CEO of Startale Group, said the aim is new fundraising and investment options onchain. "By bringing finance onchain, we want to create new options for corporate fundraising and individual investment," he said. "With this bond issuance, we are piloting JPYSC for actual interest and principal redemption payments." DailyCoin carried the remarks in its report.

Watanabe added that lessons from the issue could extend the mechanism to more businesses across Japan. He said the project may one day read as a turning point in finance, in that same account.

The firstness claims carry dates and qualifiers. Startale describes the bond as Japan first digital corporate bond paying both interest and principal in a yen-denominated trust-type stablecoin, based on its research as of Sept. 30, 2026. JPYSC is described as Japan first trust-type yen stablecoin based on SBI Shinsei Trust Bank and SBI VC Trade research as of Sept. 7, 2026, in the company statement.

Japan built the legal ground early. Amendments to the Payment Services Act set up a framework for certain yen-denominated stablecoins including trust-based structures, giving regulated cover for uses such as this one. That background comes from DailyCoin analysis of the deal.

Stablecoins have mostly served trading, payments and remittances until now. Startale Bond moves JPYSC beyond blockchain transactions into an established capital-markets instrument, testing onchain settlement inside a conventional product rather than beside it, in that write-up.

For Startale, SBI and the wider financial sector, the issue sets a template for yen stablecoins in future capital-markets work. Experience from the bond can feed potential applications with businesses, financial institutions, tokenized assets and other onchain finance, the company says.

The bond is a pilot with a domestic audience. The issuance puts JPYSC directly into corporate financing for the first time. By routing both interest and principal through the stablecoin, Startale Japan is showing how stablecoin rails can connect with traditional instruments and Japan's existing capital markets, the announcement says.

Watanabe tied the pilot to wider adoption. He said learnings from the issue will let the group extend the mechanism to more businesses across Japan, building ways for people to keep backing companies through investment. "Learnings from this initiative will allow us to eventually expand this mechanism to a wide range of businesses across Japan," he said, in the company statement.

Startale Japan works from inside the Japanese market. The company is a wholly owned subsidiary of Singapore-based Startale Group and leads blockchain research and business development in Japan, working with financial institutions and operating companies to plan and build blockchain-based financial services, that release says.

JPYSC itself came out of a joint effort. SBI Group and Startale Group developed the stablecoin together, with the stated aim of spreading its use across remittances, payments, digital securities and other financial transactions. That history is set out in the notice.

Only investors in Japan can take part, and the company release gives no coupon rate, maturity or issue size.