Startale and SBI Unveil Regulated Yen Stablecoin for Global Settlements
Startale Group and SBI Holdings have signed a Memorandum of Understanding to develop an institutional-grade, Japanese yen–pegged stablecoin to support global blockchain-based financial infrastructure. Announced on December 16, 2025, the initiative frames the token as a fully regulated digital fiat instrument intended for institutional settlements and cross-border flows rather than retail use.
The MoU marks an early but significant step that could speed settlement times, improve liquidity rails, and offer a compliant on‑ramp for banks and corporates. With SBI’s experience in fintech and crypto services and Startale’s technology focus, the partners said regulatory alignment and approvals will guide technical design and deployment. If realized, the yen stablecoin could strengthen Japan’s role in tokenized settlement markets and set a precedent for other regulated fiat digital assets.