A major Tokyo-listed financial group has partnered with a blockchain-focused technology firm to develop a fully regulated yen-backed stablecoin, a move expected to strengthen the integration between traditional and digital finance.
The Japan-based financial giant announced a collaboration with a Web3-oriented blockchain company to create a stablecoin pegged to the Japanese yen. By combining a strong domestic financial position with blockchain expertise, the partners aim to deliver a digital currency tailored primarily for institutional use cases.
According to company leadership, the transition toward a token-based economy has become an irreversible societal trend. Allowing the new stablecoin to circulate both domestically and globally is expected to significantly accelerate the convergence of conventional financial systems with onchain infrastructure.
The unnamed yen-backed stablecoin is targeted for launch in the second quarter of 2026. It is described as a fully regulated digital token designed for global settlement and institutional adoption. Issuance and redemption processes are expected to be handled through the banking arm, while circulation will be supported by a licensed digital asset service provider.
