Sony Bank and JPYC inked a memorandum of understanding (MoU) to look at real-time account transfers on JPYC EX. This will help anyone buy the yen stablecoin JPYC without having to do manual bank transfers.
Sony Bank said it has signed a memorandum of understanding with JPYC Inc., the company that makes the Japanese yen-pegged stablecoin JPYC, to look at whether the stablecoin can be more directly linked to the bank’s deposit rails.
The firms stated in a statement on Monday that they will look into real-time account transfers that would let consumers buy JPYC right away from their Sony Bank accounts through the JPYC EX platform, doing away with the need for manual bank transactions.
BlockBloom, a subsidiary of Sony Bank that focuses on Web3, will be in charge of figuring out how the bank link, stablecoin rails, and possible consumer services would work in real life.
Regulatory Backdrop and Stablecoin Framework
Japan’s new Payment Services Act makes it official that stablecoins can be issued. Regulated financial institutions are now testing how to integrate them at the deposit layer instead of just letting people use crypto exchanges.
The new Payment Services Act in Japan officially authorises the issuance of stablecoins.Japan’s stablecoin laws allow for real-time conversion. JPYC started releasing its yen-backed stablecoin on October 27, 2025, as part of Japan’s amended Payment Services Act, which sees stablecoins as electronic payment tools.
The company says that the cryptocurrency is backed 1:1 by bank deposits and Japanese government bonds. It may be issued and redeemed using the JPYC EX platform, which requires users to prove their identification.
The companies emphasised that the deal is just an experiment that doesn’t make a new stablecoin. They didn’t say when the real-time transfer capability will be available. The firms said the functionality would be built on a neutral foundation, so it wouldn’t be tied to one bank. Such an arrangement would keep JPYC EX’s scalability.
JPYC said last week that it wants to raise 1.78 billion yen (about $12 million) in the first closing of its Series B round, which is led by Asteria Corporation. The money will be used to improve interactions between systems and ecosystems and to increase system development.
Growth into Digital and Entertainment Services
Sony Bank and JPYC said they will investigate into adding the stablecoin to entertainment intellectual property, like as music and gaming services, in addition to payments. You may use it to buy digital goods or give out prizes.
The firms also indicated that their future work will look into how to make the process of issuing and redeeming JPYC easier by using Sony Bank services to cut down on the number of steps users have to take.