Japan2026.10.30CoinPost

SBI Shinsei Trust Bank, issuer of JPYSC, to absorb its crypto asset trust company in December

• The merger is set for December 31, 2026, pending approval from the Financial Services Agency and the Kanto Local Finance Bureau; SBI Shinsei Trust Bank will be the surviving company with unchanged name, representative, and location.
• Post-merger capital is expected to rise from JPY 5.0 billion to JPY 5.3 billion, with ownership split unchanged at SBI Shinsei Bank 51% and SBI Holdings 49%; SBI Holdings will receive 13,000 common shares of SBI Shinsei Trust Bank.
• JPYSC, Japan's first stablecoin backed by assets managed by a trust bank (as of June 24, 2026), launched in June 2026 with distribution handled by SBI VC Trade, and is classified as a trust-type No. 3 electronic payment instrument under Japan's Payment Services Act.