TLDR
- SBI Group will open JPYSC lending applications on July 16.
- The 12-week product will offer an initial 3% annual yield.
- SBI VC Trade will provide the stablecoin lending service.
- JPYSC launched last month as a trust bank-backed yen stablecoin.
- SBI continues expanding onchain finance through investments and acquisitions.
- Japanese banks and retailers are also increasing stablecoin adoption.
Japan’s SBI Group will open applications this month for a yen stablecoin lending product offering a 3% annual yield. The service will accept JPYSC deposits through SBI VC Trade under a fixed 12-week term. The launch expands the company’s onchain finance activities shortly after JPYSC entered Japan’s regulated stablecoin market.
Applications Open for JPYSC Lending
SBI Group will begin accepting applications on July 16 through its cryptocurrency trading platform, SBI VC Trade. The product will lock deposited JPYSC for 12 weeks and initially pay a 3% annual yield. The company announced the terms on Monday but did not disclose limits for individual deposits.
SBI Group designed the arrangement to let eligible users lend their JPYSC holdings for a defined period. SBI VC Trade will manage applications and provide the service through its existing digital asset infrastructure. The fixed term gives participants clear information about the lending period and stated annual return.
SBI Group introduced JPYSC less than one month before announcing the lending service. A trust bank backs the yen-denominated token, which targets both retail and corporate activity. The company expects lower transfer costs and support for large transactions to encourage practical adoption.
Onchain Strategy Expands Through Investments
The new product forms part of a wider plan covering trading, tokenization, and digital market services. SBI Group has supported that plan through acquisitions, funding rounds, and partnerships across the cryptocurrency sector. These transactions have expanded its exposure to exchanges, infrastructure providers, and institutional platforms.
Last week, SBI Group became the sole investor in Gauntlet’s $125 million Series C round. It also exclusively funded EDX Markets’ separate $76 million Series C financing. In June, the company acquired Japanese cryptocurrency exchange Bitbank for nearly $289 million.
An SBI Group spokesperson said the company seeks to provide comprehensive functions across the onchain sector. “Our recent acquisitions, investments, and partnerships are all part of this group-wide strategy,” the spokesperson told The Block. The strategy links exchange services with asset tokenization and platforms serving broader digital markets.
Japan Broadens Stablecoin Adoption
Japanese banks and companies are also developing payment and settlement uses for yen-backed tokens. Lawson plans to test JPYC payments at one store, according to a separate Nikkei report. JPYC operates as Japan’s first legally recognized yen-backed stablecoin.
MUFG, SMBC, and Mizuho also plan commercial transactions using a jointly issued stablecoin. The three megabanks expect those live transactions to begin during fiscal year 2026. These plans accompany SBI Group as regulated digital settlement projects expand across Japan.
SBI Group will now add lending to the services available around its recently launched JPYSC token. Applications will open on July 16, while the initial product carries a 12-week term. SBI Group has set the annual yield at 3% as it develops its onchain finance operations.
