Official Name: SBI Shinsei Trust & Banking Co., Ltd.
Country: Japan
SBI Shinsei Trust & Banking Co., Ltd. (a subsidiary within the SBI Shinsei Bank / SBI Holdings group) issues JPYSC, Japan’s first trust bank-backed Japanese yen stablecoin. It is structured as a Type III Electronic Payment Instrument under Japan’s amended Payment Services Act (trust-based framework). Each JPYSC token is strictly pegged 1:1 to the Japanese yen and fully collateralized by reserves held in a bankruptcy-remote segregated trust account (under Japan’s Trust Business Act). Reserves consist of 100% cash/cash equivalents, including physical JPY deposits and highly liquid Japanese Government Bonds (JGBs; up to ~50% allowable in short-term JGBs per regulatory updates for liquidity/yield).
Licenses:
Trust Business License (信託業免許) under the Trust Business Act (信託業法)
Type 3 Electronic Payment Instrument (第3号電子決済手段 / Type III EPI) Issuer under the Payment Services Act (資金決済法)
Verified