Japan
CoinPost
Sumitomo Mitsui Financial Group and SBI to Form Capital Alliance Over Stablecoins — Nikkei
- SMFG plans to acquire a 5% stake in SBI Startale Marketing, the SBI HD–Startale Group joint venture building tokenized-stock and real-world-asset (RWA) trading infrastructure.
- The alliance is designed to expand use of JPYSC, the yen-denominated trust-type stablecoin issued by SBI Shinsei Trust Bank since June 2026 and distributed via SBI VC Trade, through SMBC's 24 million retail customers.
- The partnership builds on the 2022 SMFG–SBI HD capital alliance (SMFG holding about 10% of SBI HD) and their 2025 joint venture Olive Consulting, while SMBC separately advances a megabank-led joint stablecoin for trade settlement and an August 2025 basic agreement with SBI VC Trade on stablecoin distribution.