According to official announcements from SBI Shinsei Trust & Banking and SBI VC Trade, a portion of the reserve trust assets for Japan’s first trust-based yen stablecoin, JPYSC, has begun operating in the form of short-term government bonds. This move is permitted under the amended Payment Services Act, which takes effect on June 1, 2026, allowing trust-based stablecoin reserve assets to be invested, up to a maximum of 50% of the total issuance amount, in short-term government bonds or time deposits with maturities of no more than three months. As of September 7, 2026, the outstanding issuance of JPYSC amounts to approximately ¥20.1 billion, and when combined with the outstanding balance of the "JPYSC Lending" service at approximately ¥6.9 billion, the total scale reaches about ¥27 billion. Both companies stated that they will continue expanding the use cases of JPYSC in domestic and international remittance and settlement, on-chain foreign exchange markets, and settlement of RWA tokenized assets, while managing and deploying high-credit yen assets to foster a new financial cycle between digital finance and traditional financial markets.
SBI Shinkin Trust Bank allocates 10 billion JPY of JPYSC reserves to short-term government bonds.
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Summary
SBI Shinkin Trust Bank and SBI VC Trade announced that 10 billion JPY of JPYSC reserves are now allocated to short-term government bonds. This follows Japan’s revised Payment Services Act, which aligns with recent government changes to crypto regulation. As of September 7, 2026, JPYSC issuance reached 20.1 billion JPY, with 6.9 billion JPY in outstanding loans. The companies plan to expand JPYSC usage in remittances and real-world asset (RWA) tokenization. Federal Reserve developments regarding stablecoin policies may influence future reserve strategies.
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