Startale Japan opened the offering of the Startale Bond, a digital corporate bond that pays both interest and principal redemption in JPYSC, a yen-denominated trust-type stablecoin.

The official Japanese name is 株式会社Startale Japan 第1回保証付デジタル社債. The nickname is ステーブルコイン普及債, roughly the Stablecoin Popularization Bond. Startale Japan Co., Ltd. is the issuer and a wholly owned subsidiary of Singapore-based Startale Group. The guarantor is Startale Group Pte. Ltd., according to the company’s Japanese release on PR Times.

Startale Japan calls the issue Japan’s first digital corporate bond to pay both interest and principal in a yen-denominated trust-type stablecoin, based on its own research as of September 30, 2026. The offering is open only to investors in Japan and is aimed at individual investors. Full terms are on the offering site.

JPYSC, the yen trust-type coin

A stablecoin is a digital token built to hold a steady value against a government currency. JPYSC is issued by SBI Shinsei Trust Bank and is designed to track the yen 1:1. It qualifies as a Type 3 Electronic Payment Instrument under Japan’s Payment Services Act, Startale said. The issuer of a Type 3 instrument is a trust bank or a trust company, according to SBI’s June 24 release.

JPYSC was developed through a collaboration between the SBI Group and Startale Group. SBI Shinsei Trust Bank issues the coin and manages the trust assets that back it. SBI VC Trade is the issuance trustor and leads issuance and distribution. Startale Group builds the technology.

SBI Holdings, SBI Shinsei Bank, SBI Shinsei Trust Bank, SBI VC Trade and Startale Group said on June 24, 2026 that JPYSC was issued that day and could then be used only inside SBI VC Trade accounts, with no transfers out to external wallets. The companies said they aim to move it to public blockchains once legal and tax treatment is settled, subject to the regulator’s confirmation. As a trust-type coin, they said, it is not subject to the ¥1 million limit on balances and transfers that applies to the earlier fund-transfer-type stablecoins.

¥99.9 million, one year, 5.00%

Startale Japan is offering ¥99.9 million (9,990万円), from ¥100,000 per unit, for a one-year term. The rate is 5.00% a year, fixed, pre-tax. Startale says that 5.00% is the highest level for a self-offered digital corporate bond for domestic individual investors, based on its own comparison as of September 30, 2026. According to the offering site, allocation may be by lottery depending on demand, and the bond cannot in principle be redeemed early or resold.

The offering period runs from October 6 to November 10, 2026. The issue date is December 1, 2026. Interest is paid on June 1, 2027 and December 1, 2027. Redemption is December 1, 2027.

Interest and redemption are received as JPYSC in the Startale App. Applications and holdings are handled online on a dedicated digital-bond platform.

Startale Japan said the proceeds go to system development to use and spread JPYSC, business development and marketing, building out operations, and the bond’s issuance and management costs.

Watanabe on the JPYSC pilot

Startale Japan said the issuance puts JPYSC into an actual corporate financing transaction and can potentially be extended to other businesses and financial institutions exploring the use of JPYSC. The English release lists three tests: using a yen stablecoin inside a conventional financial instrument, making scheduled interest and final principal payments onchain, and gathering experience for later work with businesses and financial institutions on stablecoins, tokenized assets and onchain capital markets.

Sota Watanabe, CEO of Startale Group, said: “By bringing finance onchain, we want to create new options for corporate fundraising and individual investment. With this bond issuance, we are piloting JPYSC for actual interest and principal redemption payments. Learnings from this initiative will allow us to eventually expand this mechanism to a wide range of businesses across Japan, creating new mechanisms where people can continuously support companies through investment. We will continue pushing this frontier with the hope that, looking back in the years to come, this initiative will be remembered as a major turning point in finance.”

This article is not investment advice.