SBI Holdings expands JPYSC stablecoin reserves into Japanese bonds

SBI Holdings has announced that its trust-based yen-pegged stablecoin, JPYSC, has begun investing a portion of its reserve assets into Japanese government bonds. SBI Shinsei Trust Bank has allocated 1 billion yen of the stablecoin’s backing assets into short-term Japanese government bonds, acting on instructions from SBI VC Trade.

This move is made possible by the revised Payment Services Act in Japan, which went into effect on June 1, 2026. The updated regulatory framework allows eligible trust-backed stablecoins to invest up to 50 percent of their tokens in short-term government bonds or short-term time deposits to ensure liquidity while managing reserves.

As of September 7, the outstanding balance of JPYSC is approximately 20.1 billion yen. Additionally, applications for SBI VC Trade’s yen-based lending service have reached approximately 6.9 billion yen. The companies aim to expand the use of JPYSC in areas such as domestic and international remittances, on-chain foreign exchange markets, and the settlement of real-world assets (RWA) and tokenized assets.