SBI, DigiFT, and Startale collaborate to test JPYSC settlement and onchain dividend mechanisms for tokenized securities.
Tech & Launches ·
SBI Holdings, DigiFT, and Startale are collaborating to test settlement mechanisms using JPYSC—Japan's first trust bank-backed yen stablecoin—alongside onchain dividend distribution for tokenized securities. The trial explores how digital asset infrastructure can support settlement and shareholder payouts in Japan's evolving regulatory environment for crypto and digital assets.
The partnership tests practical workflows for handling both currency settlement and corporate actions on tokenized securities, two distinct operational needs for mainstream adoption of digital securities. JPYSC, limited to SBI VC Trade, provides the stablecoin rail, while the three parties examine how onchain mechanisms can automate and streamline dividend processing for token-based holdings.
What remains unclear is the scope and timeline of the testing phase, the scale of assets or transactions being modeled, and whether results will inform broader product launches or regulatory submissions in Japan's reclassified digital-asset framework.