SBI Shinsei Trust Bank
Overview
What is SBI Shinsei Trust Bank?
SBI Shinsei Trust Bank is a Japanese trust bank within SBI Group. It issues JPYSC, a Japanese yen stablecoin classified as an electronic payment instrument under Japan's Payment Services Act, for which the bank holds the reserve assets in a segregated trust account.
How does SBI Shinsei Trust Bank work?
JPYSC is issued against yen held in trust. Reserves consist of cash and highly liquid yen-denominated instruments held in a segregated trust account, and holders carry a direct legal claim to the underlying yen under Japanese trust law.
Who governs SBI Shinsei Trust Bank?
Institutional and retail users in Japan; JPYSC is distributed through SBI VC Trade.
No business model data available
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.