/T2Bank / FMI🌏APAC
SBJ Bank, JPYC and LINE NEXT sign MOU for a proof of concept linking bank accounts to yen stablecoin wallet top-ups
SBJ Bank, the Japanese entity of Korea’s Shinhan Financial Group, announced on 21 October 2026 that it signed a memorandum of understanding on 20 October 2026 with LINE NEXT Inc. and JPYC Inc. covering a proof of concept for a new account-linked top-up function, in which each party provides infrastructure: bank accounts, stablecoin issuance and redemption, and the Unifi digital wallet. SBJ Bank says it will provide bank accounts and banking infrastructure and test a mechanism connecting stablecoins with existing financial services, and will consider commercialising new services including remittances and payments with LINE NEXT after the PoC. (Source text in Japanese; summary translated.)
SBJ Bank (via PR TIMES)