Following New FSA Stablecoin Rules, Japan’s Banks Plan Yen Pegged Tokens

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Japan’s three largest banks – Mitsubishi UFJ Financial
Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group – are
planning to jointly issue stablecoins, according to a report by the Nikkei
business daily on Friday (today).

Japan has been taking structured steps to regulate and
expand the use of stablecoins. Earlier this year, the Financial
Services Agency granted approval to SBI VC
Trade to list Circle’s USDC,
making it the first foreign dollar-backed stablecoin legally available in the
country.

Digital
assets meet tradfi in London at the fmls25

Yen Pegged Stablecoins Target Settlement Efficiency

The digital currencies will be pegged to real-world assets,
starting with the Japanese yen. The banks are reportedly developing a shared
framework that will allow corporate clients to transfer stablecoins between
institutions under consistent technical and regulatory standards.

The initiative is aimed at improving settlement efficiency
and supporting the adoption of blockchain-based payments within Japan’s
financial system. The report added that a U.S. dollar-pegged stablecoin could
be introduced later.

Japanese Investors Show Growing Interest in Digital
Assets

Over half of Japanese institutional investors plan to invest
in digital assets within the next three years, according to a survey by Nomura
Holdings and its subsidiary Laser Digital.

The study, which polled over 500 investment managers from
institutions, family offices, and public-service corporations, found
that 54% intend to allocate funds to crypto assets
. Many view digital
assets as a diversification opportunity, with typical allocations of 2–5% of
assets under management.

Interest also extends to Web3 projects. Barriers include
volatility, counterparty risks, and regulatory concerns. The findings align
with Japan’s ongoing push to support regulated digital asset innovation.

This article was written by Tareq Sikder at www.financemagnates.com.



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