SBI Launches JPYSC Lending as Solana Partnership Expands

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• SBI VC Trade will begin accepting applications for its JPYSC lending service on July 16.
• Customers can earn an introductory 3% annualized yield by lending JPYSC for a 12-week term.
• The launch follows SBI’s partnership with the Solana Foundation to expand stablecoins and tokenized assets.
• Together, the initiatives mark another step toward bringing regulated financial products onto public blockchain infrastructure.

SBI Introduces JPYSC Lending Service

SBI VC Trade will begin accepting applications for its JPYSC stablecoin lending service on July 16, giving customers a new way to earn yield on Japan’s first trust-based yen-pegged stablecoin.

According to the official press release, the program offers an introductory 3% annualized interest rate for a fixed 12-week lending period, allowing users to lend their JPYSC holdings to the platform in exchange for interest payments.

The launch expands the utility of JPYSC beyond payments and transfers, adding a yield-generating product as SBI continues building a regulated digital asset ecosystem.

Understanding the Risks

Unlike a traditional bank savings account, the JPYSC lending program is not protected by Japan’s deposit insurance system.

SBI states that customers generally cannot redeem their tokens before the 12-week term expires, and assets lent through the program fall outside statutory asset segregation requirements. In the event of SBI VC Trade’s insolvency, customers could lose part or all of their lent tokens.

By outlining these risks alongside the product launch, SBI is distinguishing the service from conventional banking products while complying with Japan’s regulatory disclosure standards.

Built on Japan’s First Trust-Based Stablecoin

The lending program builds on the launch of JPYSC, introduced on June 24 by SBI Shinsei Trust Bank as Japan’s first trust-based, yen-backed stablecoin.

JPYSC is regulated as a Type 3 Electronic Payment Instrument under Japan’s Payment Services Act, allowing it to operate within a dedicated legal framework for digital payments.

At present, the stablecoin remains largely confined to the SBI VC Trade ecosystem, where it is being introduced through products such as trading, transfers and now lending.

Part of SBI’s Broader Blockchain Strategy

The launch comes only days after SBI Holdings announced a strategic partnership with the Solana Foundation to accelerate blockchain-based financial infrastructure in Japan.

The planned joint venture will focus on expanding the issuance and circulation of JPYSC, supporting tokenized real-world assets, developing cross-border payment infrastructure and building institutional on-chain financial services using the Solana network.

Taken together, the Solana partnership and the JPYSC lending service illustrate SBI’s strategy of developing both the infrastructure and financial products needed to support regulated on-chain markets.

What the Launch Means

For JPYSC holders, the lending service provides the stablecoin’s first dedicated yield product, giving users an additional reason to hold the asset within SBI’s ecosystem rather than treating it solely as a payment token.

For the broader market, the launch signals that Japanese financial institutions are moving beyond stablecoin issuance toward developing services typically associated with traditional banking, including lending and yield products. If SBI eventually expands JPYSC beyond its current closed ecosystem through its partnership with Solana, those services could become part of a wider regulated on-chain financial network.