Startale Japan Launches Japan's First Digital Bond Paid in Yen Stablecoin

Startale Japan has issued Startale Bond, Japan's first digital corporate bond whose interest payments and principal redemption are settled in JPYSC, a yen-denominated trust-type stablecoin from SBI Shinsei Trust Bank. JPYSC is pegged 1:1 to the yen, with SBI VC Trade handling issuance and Startale Group providing the technology.

• Interest and principal on the bond are paid in JPYSC instead of via traditional banking
• JPYSC is issued by SBI Shinsei Trust Bank and pegged 1:1 to the Japanese yen
• SBI VC Trade acts as issuance trustor; Startale Group supplies the technology
• First use of JPYSC in a corporate financing structure in Japan