Sony Bank said it has partnered with stablecoin issuer JPYC Inc. has signed a memorandum of understanding on whether the Japanese stablecoin JPYC can be directly linked to bank deposit rails.
In a statement on Monday, the companies said they are exploring real-world account transfers, which would allow users to buy JPYC instantly from Sony bank accounts through the JPYC EX platform, eliminating the need for manual bank transfers.
Sony Bank said its Web3-focused subsidiary, BlockBloom, will play a central role in designing how the bank’s connectivity, stable rails and potential consumer services will work in practice.
The deal comes as Japan formalizes stablecoin issuance under its revised Payment Services Act, and regulated financial institutions begin integrating crypto exchanges into the deposit layer instead of restricting access to them.
Real-time conversion according to Japanese stablecoin rules
The JPYC began trading yen-backed stablecoins on October 27, 2025 under the Revised Payment Services Law of Japan, 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 will be issued and paid for through the JPYC EX platform, which requires identity verification.
The companies said the agreement is exploratory and does not introduce a new stablecoin. They did not give a timetable for when any of the real-time streaming features will begin.
related to: Japan is planning a major change as crypto moves from payments to securities law
The companies said the feature will be designed in a neutral framework, not just with a single financial institution, to preserve JPYC EX’s scalability.
Last week, JPYC announced plans to raise 1.78 billion yen (about $12 million) in the first round of Series B led by Asteria Corporation to expand its system and ecosystem development partnership.
Learning links to entertainment
Beyond payments, Sony Bank and JPYC said they are exploring linking the stablecoin to entertainment intellectual property, including music and gaming services. Potential use cases include purchasing digital content and sharing rewards.
Future efforts will also consider streamlining the issuance and redemption of JPYC using Sony Bank services to reduce user steps, the companies said.
The announcement states that all initiatives will be developed in accordance with applicable laws and regulatory guidelines.
Magazine: Bitdeer Sells All Bitcoin, Metaplanet Denies Wrongdoing Claims: Asia Express
