Sony Bank announced that it has signed a memorandum of understanding with stablecoin issuer JPYC Inc. to explore whether the Japanese yen-pegged JPYC stablecoin could be more directly connected to a bank’s deposit rails.
In statement on Monday, the companies said they will explore real-time account transfers that will enable users to instantly purchase JPYC from their Sony Bank account through the JPYC EX platform, eliminating the need for manual bank transfers.
Sony Bank says its Web3-focused subsidiary BlockBloom will play a key role in designing how banking connectivity, stablecoin rails and potential consumer services will work in practice.
The agreement comes as Japan formalizes the issuance of stablecoins under a revised Payment Services Law and as regulated financial institutions begin testing integration at the deposit level rather than restricting access to cryptocurrency exchanges.
Real-time conversion in line with Japanese stablecoin regulations
JPYC began issuing the yen-backed stablecoin on October 27, 2025, in line with Japan’s revised Payment Services Act, which recognizes stablecoins as electronic payment instruments.
According to the company, the token is backed 1:1 by bank deposits and Japanese government bonds and is issued and redeemed through the JPYC EX platform, which requires identity verification.
The companies said the agreement is exploratory in nature and does not introduce a novel stablecoin. They didn’t provide a timeline for when any real-time streaming feature might launch.
Related: Japan is planning a major shift as cryptocurrencies transition from payments to securities law
The companies said the feature will be designed on a neutral framework, not restricted to a single financial institution, to maintain JPYC EX’s scalability.
Last week JPYC announced plans to raise 1.78 billion yen (approximately $12 million) in its first Series B round close, led by Asteria Corporation, to expand systems and ecosystem development partnerships.
Discovering connections to entertainment
Beyond payments, Sony Bank and JPYC said they would explore tying the stablecoin to entertainment intellectual property, including music services and gaming. Potential employ cases include digital content purchases and reward distribution.
The companies said future efforts will also include examining how to streamline the issuance and redemption of JPYC using Sony Bank services to reduce the number of steps for users.
The announcement stated that all initiatives will be developed in accordance with applicable laws and regulatory guidelines.
Warehouse: Bitdeer Sells All Bitcoin, Metaplanet Denies Misconduct Claims: Asia Express
