Startale Japan has opened subscriptions for a digital corporate bond that settles both coupon payments and principal repayment in JPYSC, a yen-denominated stablecoin issued by SBI Shinsei Trust Bank.
Announced on October 6, 2026, the offering is presented as the first Japanese digital corporate bond to route interest and redemption through a yen trust-type stablecoin, according to research the company cites as of September 30, 2026.
The instrument, formally the first guaranteed digital bond of Startale Japan Co., Ltd. and nicknamed a stablecoin-promotion bond, is structured as a one-year self-offering aimed at individual investors in Japan.
The total amount sought is ¥99.9 million, with subscriptions accepted in units of ¥100,000.
The fixed coupon is 5.00 percent a year before tax, a rate the issuer describes as the highest yet for a self-offered digital corporate bond sold to domestic individuals.
Applications run from October 6 through November 10, 2026.
Issuance is scheduled for December 1, 2026.
Interest is due on June 1, 2027, and again on December 1, 2027, when the principal is also repaid.
Holders are expected to receive those cash flows as JPYSC inside the Startale App rather than through a conventional bank transfer.
The parent, Singapore-based Startale Group Pte. Ltd., guarantees principal, interest, and any delayed payments.
Proceeds are earmarked for system development, business development, marketing, and operating setup related to the use and spread of JPYSC, along with costs of issuing and administering the bond itself.
Purchasers do not need to hold the stablecoin in order to subscribe; the subscription is made in yen, with the digital-currency feature appearing on the payment side.
JPYSC itself is designed to track the Japanese yen one-for-one and is classified as a Type 3 Electronic Payment Instrument under Japan’s Payment Services Act.
SBI Shinsei Trust Bank issues the token and manages the trust assets that back it.
SBI VC Trade acts as the issuance trustor and leads distribution, while Startale Group supplies the underlying technology.
The stablecoin was developed jointly by the SBI Group and Startale and began limited distribution through SBI VC Trade accounts in June 2026.
Because it is structured as a trust-type instrument rather than a funds-transfer type, it is not subject to the ¥1 million balance and remittance caps that apply to certain other domestic models.
Startale Japan, a wholly owned subsidiary of Startale Group, frames the pilot as more than a fundraising exercise.
By embedding JPYSC in the life cycle of an ordinary corporate bond, the company is testing whether a regulated yen stablecoin can carry scheduled payments inside traditional capital markets infrastructure.
Sota Watanabe, chief executive of Startale Group, has said the effort is meant to open new channels for corporate fundraising and individual investment, and that lessons from the pilot could later be extended to other Japanese businesses so that investors can support companies on an ongoing basis through on-chain settlement.
The bond is limited to individuals and companies in Japan and is not offered to overseas investors.
Full terms are published by the issuer. The initiative sits alongside earlier steps in which a portion of JPYSC reserve assets was allocated to short-term Japanese government bonds, reinforcing the link between the token and conventional yen instruments.