Sony Bank and JPYC test yen stablecoin purchases from bank accounts
Sony Bank and stablecoin issuer JPYC Inc. sign memorandum of understanding to explore instant transfers that would allow customers to purchase yen pegged stablecoin JPYC directly from their bank accounts. Web3 focused subsidiary BlockBloom will play key role in designing technical framework linking bank accounts, stablecoin infrastructure and potential consumer services.
In joint statement, companies say they are studying integration of Sony Bank deposit infrastructure with JPYC EX platform. This would enable users to buy JPYC in real time without manual bank transfers.
Stablecoin integration under Japans revised law
Agreement comes as Japan implements revised Payment Services Act, which formally recognizes stablecoins as electronic payment instruments. Regulated financial institutions begin testing stablecoin integration at deposit layer rather than limiting access to crypto exchanges.JPYC starts issuing its yen pegged stablecoin on Oct. 27, 2025 under new rules. Company says token is backed one to one by bank deposits and Japanese government bonds. Issuance and redemption take place through JPYC EX platform with mandatory identity verification.
Parties stress that agreement is exploratory and does not involve launch of new stablecoin. Timeline for potential rollout of real time transfer feature is not disclosed. System will be built under neutral architecture, not tied to single financial institution, to ensure scalability of JPYC EX.
JPYC recently announces plans to raise 1.78 billion yen, about 12 million dollars, in first close of Series B round led by Asteria Corporation to expand infrastructure and ecosystem partnerships.
Potential integration with entertainment services
Beyond payments, Sony Bank and JPYC plan to explore linking stablecoin to entertainment content, including music and gaming services. Potential use cases include digital content purchases and reward distribution.Companies also consider streamlining issuance and redemption of JPYC through Sony Bank infrastructure to reduce user steps.
All initiatives will be developed in line with applicable Japanese laws and regulatory requirements.
Earlier, Sony Bank files application for U.S. license to issue stablecoins.
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