Startale Japan has opened subscriptions for a digital corporate bond that pays interest and principal in JPYSC, a stablecoin pegged to the yen. The subscription began on October 6 and will last until November 10, 2026. The total issuance amount is ¥99.9 million, with a fixed annual rate of 5% before taxes. The minimum purchase amount for the bond is set at ¥100,000. The issuance is scheduled for December 1, 2026, with redemption on December 1, 2027.
Interest on the bond will be paid twice during its term, and the principal will be repaid at the end of the term. Instead of a traditional bank transfer, Startale has announced that investors will receive their payments in JPYSC through the Startale app, providing a more modern approach to payments. JPYSC, issued by SBI Shinsei Trust Bank, is designed to maintain a 1:1 peg to the yen and functions as a trusted electronic payment instrument. This bond issuance will serve as a real test for settlement models using stablecoins, exploring whether a regulated stablecoin can simplify financial transactions without altering the fundamental economic structure of the security.
Despite the relatively small issuance amount, this experiment promises to lay the groundwork for applying a similar settlement model in larger corporate finance if all goes smoothly. The bond is of interest to researchers and financiers as it confirms the possibility of successfully integrating stablecoins into traditional financial instruments, providing a real payment schedule. Since this product is limited to investors only in Japan, it complies with traditional placement requirements. It should not be perceived as an unregulated DeFi bond, as the subscription and payment process is tied to established banking and financial regulations. If the test is successful, the same settlement model could be applied in larger financial operations.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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