What is the primary purpose of the business partnership between Nonagon Capital and Startale Group?

The primary purpose is to jointly promote proof-of-concept experiments and business development utilizing the Japanese Yen-denominated trust-type stablecoin, JPYSC.

What type of stablecoin is JPYSC and who will issue it?

JPYSC is a Japanese Yen-denominated trust-type stablecoin that will be issued as a 'Type 3 Electronic Payment Instrument (Trust-type)' by Shinsei Trust & Banking, a subsidiary of SBI Shinsei Bank.

What are the key advantages of JPYSC compared to other electronic payment instruments?

JPYSC is designed to comply with financial regulations and, unlike Type 1 electronic payment instruments, is not subject to the 1-million-yen-per-transaction limit for domestic remittances, making it suitable for B2B and institutional transactions.

What is the planned launch timeframe for the JPYSC stablecoin?

The official launch of JPYSC is scheduled to take place between April and June of 2026.

Which companies are involved in the development and promotion of JPYSC, and what are their roles?

SBI Group and Startale Group are strategically partnering for JPYSC's development. SBI VC Trade Co., Ltd. is the sales partner, and Startale Group is the core partner leading technical aspects like smart contract design and security.

AI News NQ Analysis

Nonagon Capital Announces Business Partnership with Startale Group to Develop JPYSC, a Japanese Yen-Denominated Trust-Type Stablecoin

NQ Score 56/100

Key facts

Nonagon Capital Announces Business Partnership with Startale Group to Develop JPYSC, a Japanese Yen-Denominated Trust-Type Stablecoin
Nonagon Capital and Startale Group have partnered to promote proof-of-concept experiments and business development using the JPYSC stablecoin.
Date: Sun Mar 29 2026 16:31:06 GMT+0900 (Japan Standard Time)

Direct answer

Nonagon Capital and Startale Group have partnered to promote proof-of-concept experiments and business development using the JPYSC stablecoin.

Citation: Nonagon Capital Announces Business Partnership with Startale Group to Develop JPYSC, a Japanese Yen-Denominated Trust-Type Stablecoin (Sun Mar 29 2026 16:31:06 GMT+0900 (Japan Standard Time)), PR TIMES
Source: PR TIMES
Date: Sun Mar 29 2026 16:31:06 GMT+0900 (Japan Standard Time)

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Frequently Asked Questions

Q: What is the primary purpose of the business partnership between Nonagon Capital and Startale Group?: A: The primary purpose is to jointly promote proof-of-concept experiments and business development utilizing the Japanese Yen-denominated trust-type stablecoin, JPYSC.
Q: What type of stablecoin is JPYSC and who will issue it?: A: JPYSC is a Japanese Yen-denominated trust-type stablecoin that will be issued as a 'Type 3 Electronic Payment Instrument (Trust-type)' by Shinsei Trust & Banking, a subsidiary of SBI Shinsei Bank.
Q: What are the key advantages of JPYSC compared to other electronic payment instruments?: A: JPYSC is designed to comply with financial regulations and, unlike Type 1 electronic payment instruments, is not subject to the 1-million-yen-per-transaction limit for domestic remittances, making it suitable for B2B and institutional transactions.
Q: What is the planned launch timeframe for the JPYSC stablecoin?: A: The official launch of JPYSC is scheduled to take place between April and June of 2026.
Q: Which companies are involved in the development and promotion of JPYSC, and what are their roles?: A: SBI Group and Startale Group are strategically partnering for JPYSC's development. SBI VC Trade Co., Ltd. is the sales partner, and Startale Group is the core partner leading technical aspects like smart contract design and security.