Sony Bank has signed an MOU to integrate the Yen Stablecoin JPYC
Sony Bank has partnered with Statcoin issuer JPYC Inc. to study whether Japan's yen-pegged stablecoin JPYC could be linked directly to the bank's depository rails. He said that he signed a memorandum of understanding with
In a statement on Monday, the companies said they are exploring real-time account transfers that will allow users to buy JPYC from their Sony Bank accounts through the JPYC EX platform, eliminating the need for manual bank transfers.
Sony Bank says its Web3-focused subsidiary, BlockBloom, will play a central role in designing how the bank's connectivity, stablecoin rails and potential consumer services work in practice.
The deal comes as Japan formalizes the issuance of stablecoins under revised payment services laws, and regulated financial institutions begin testing integration on deposit coverage instead of restricting access to crypto exchanges.
Real-time conversion with stable coin rules in Japan
The JPYC will begin issuing yen-backed stablecoins on October 27, 2025, under Japan's revised Payment Services Act, which recognizes stablecoins as electronic payment instruments.
According to the company, the token is backed 1:1 by bank deposits and Japanese government bonds and is issued through the JPYC EX platform and requires ID verification.
The companies said the agreement is descriptive and does not introduce a new stablecoin. They haven't given a timeline for when any real-time streaming features will launch.
RELATED: Japan Plans Big Change As Crypto Moves From Payments To Securities Law
The companies said that in order to maintain the scalability of JPYC EX, its behavior will be modeled in an independent framework, not limited to a single financial institution.
Last week, JPYC announced plans to raise 1.78 billion yen (about $12 million) in a Series B round led by Asteria Corporation to expand system development and ecosystem partnerships.
Browse links to entertainment
Beyond payments, Sony Bank and JPYC said they want to link the stablecoin to entertainment intellectual property, including music and gaming services. Possible use cases include digital content purchases and prize distribution.
The companies said that in their next efforts, they will test the delivery and redemption of JPIC using Sony Bank services to minimize user actions.
The notification said that all initiatives will be developed in compliance with applicable laws and regulatory guidelines.
Magazine: Bitdeer Sells All Bitcoin, Metaplanet Rejects False Claims: Asia Express
