Startale Japan Launches Japan’s First Digital Bond Paid in Yen Stablecoin
Startale Japan has launched Japan’s first digital corporate bond to use a yen-denominated trust-type stablecoin for both interest payments and principal redemption, a new step in the integration of stablecoins with traditional capital markets.
Startale Japan, the Japanese subsidiary of blockchain infrastructure company Startale Group, has launched Startale Bond, a digital corporate bond whose payments will be settled using JPYSC, a yen-denominated stablecoin issued by SBI Shinsei Trust Bank.
Unlike most stablecoin use cases, which remain concentrated around crypto trading, payments and remittances, the bond brings stablecoin settlement directly into a corporate financing structure.
Interest payments and the repayment of principal, when the bonds reach maturity, will be paid in JPYSC, rather than through traditional banking means.
This is the first digital corporate bond in Japan to use a yen-denominated trust-type stablecoin for both stages of the bond lifecycle.
JPYSC moves into corporate finance
The launch is one of the...
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