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Bank & market adoption

SBJ Bank, JPYC and LINE NEXT plan yen stablecoin pilot

APACSource: SBJ Bank

AI-generated image: Bank passbook sending a translucent yen coin along a glass rail into a smartphone with a green screenAI-generated image
AI-generated image
  • 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.)

Why it matters

A licensed bank supplying accounts and banking rails to a yen stablecoin issuer and a wallet provider is testing the bank-account-to-stablecoin on-ramp that deposit-taking banks would need to operate if they intermediate e-money-type stablecoins under Japan’s Payment Services Act.

Read the original: SBJ Bank ↗

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More detail

Who is affected

SBJ Bank, LINE NEXT Inc. and JPYC Inc. (PoC parties).

Key dates

  • MOU signed
  • MOU announced

What remains uncertain

  • The release gives no start date, duration or launch date for the PoC; commercialisation of remittance and payment services is only to be considered after the PoC.

Adoption status

  • AnnouncedSBJ BankAccount-linked top-up PoC with JPYC (yen stablecoin) and LINE NEXT (Unifi wallet)

Key facts

Event
Pilot
Jurisdiction
APAC
Source
SBJ Bank (via PR TIMES)
Source tier
Tier 2 · Bank / FMI
Product
Stablecoin payments

Institutions

SBJ Bank

How we verified this

The source says

“本提携により、LINE NEXT社のグローバルWeb３サービスプラットフォーム・「Unifi Pay」・デジタルウォレット領域での戦略的な協業検討を進めていくとともに、JPYC社が発行する円建てステーブルコイン「JPYC」を活用した概念実証を通じて、新たな金融サービスの提供を目指してまいります。”

“銀行口座および銀行インフラを提供し、ステーブルコインと既存の金融サービスを連携するための仕組みを検証します。”

SBJ Bank’s role in the PoC

“日本円建てステーブルコイン「JPYC」の発行体として、発行・償還機能に関する技術支援や専門的知見の提供を行い、実証環境の構築およびサービスの実現可能性の検証を支援”

JPYC’s role in the PoC

Verbatim from SBJ Bank (via PR TIMES), matched word for word against the live page on 31 October 2026.

Sources

Evidence

Confidence
Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
Quote verified
2026-10-31 20:02 UTC
Archived snapshot
SHA-256 3d712ef651b98654… · fetched 2026-10-26 · Wayback Machine copy ↗
Source type
Official institutional SBJ Bank (via PR TIMES) ↗
Change log (1)
  1. 2026-10-26 Published

Full evidence record · How we label confidence

AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source (bank release, Japanese); quote string-matched against the live source page.

Methodology · How we classify sources · Corrections · Report an error

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