Startale Opens Japan Digital Bond Paying Interest And Principal In JPYSC

TL;DR Startale Japan has opened subscriptions for a one-year digital corporate bond that pays interest and principal in JPYSC. The offering totals ¥99.9 million, carries a fixed 5% annual pre-tax rate and is available from ¥100,000 per unit. JPYSC is a yen-denominated trust-type stablecoin issued by SBI Shinsei Trust Bank. A Japanese corporate bond is being used as a real-world test of stablecoin settlement. Startale Japan opened subscriptions on October 6 for a digital bond that will pay both interest and principal in JPYSC, the yen-denominated stablecoin developed with the SBI Group. The one-year issue totals ¥99.9 million and carries a fixed annual interest rate of 5% before tax. Investors Will Receive The Cash Flows In JPYSC The bond can be purchased in units starting at ¥100,000. Applications run from October 6 through November 10, with issuance scheduled for December 1. Interest is due twice during the life of the bond, and principal is scheduled to be redeemed at maturity on December 1, 2027. Instead of sending those payments through an ordinary bank transfer, Startale says investors will receive them as JPYSC through the Startale App. JPYSC is designed to track the yen one-...