Evidence record
Japan's three megabanks complete proof-of-concept for a jointly issued yen stablecoin
Read the item · published 2026-10-16
Evidence
- Confidence
- Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
- Quote verified
- 2026-10-23 21:23 UTC
- Archived snapshot
- Not archived yet
- Source type
- Official institutional Mitsubishi UFJ Trust and Banking (joint release with Mizuho Bank, MUFG Bank, SMBC and TISI) ↗
Change log (2)
- 2026-10-24 Verify run (deploy): verifiedAt refresh, verify snapshots (c2a86c2)
- 2026-10-24 Jurisdictions: 5 verified Tier 1/2 items (CH Federal Council stablecoin/crypto licence consultation, BNM DAIH ringgit stablecoins + tokenised deposits, FSCA CAS (52685db)
Verified quotes
“The PoC was implemented based on an initiative that was approved in November 2025 to receive support from the Financial Services Agency of Japan's FinTech PoC Hub.”
“through the PoC, the parties obtained practical insights regarding the issuance and circulation of SC and confirmed the safety and reliability of the system as well as the feasibility of a joint issuance model by multiple banks.”
String-matched against https://www.tr.mufg.jp/english/pressreleases/pdf/20261016_1.pdf by scripts/verify.mjs before every deploy.
Additional evidence
- Primary Press Conference by the Minister of State for Financial Services (November 7, 2025) ↗ · Financial Services Agency (Japan)
AI-drafted from the primary source (joint bank release); quote string-matched by scripts/verify.mjs · AI-assisted