Coincheck Parent Company Monex Weighs Yen-Pegged Stablecoin Issuance

Japanese brokerage group Monex is considering launching a yen-pegged stablecoin and accelerating plans for overseas acquisitions in the crypto sector, signaling its ambition to strengthen its role in global digital finance.

Monex Chairman Oki Matsumoto told TV Tokyo that issuing a stablecoin requires significant infrastructure and capital.

Yen-Pegged Stablecoin Under Consideration

Matsumoto emphasized that such a step has become unavoidable as global financial markets rapidly adapt to digital currencies, saying, “Without tackling stablecoins, we cannot keep up with the world. “

Monex Group, founded in Tokyo in 1999, has grown into a global online securities firm and fintech platform. It has notably expanded into digital assets by acquiring Coincheck and investing in Web3 innovation.

Japanese government bonds would reportedly back the proposed yen-denominated stablecoin. The stablecoin could support cross-border remittances, corporate payments, and retail transactions. To drive adoption, Monex would leverage its existing platforms, including Coincheck and Monex Securities.

Growing Regulatory Momentum in Japan and Abroad

Monex’s consideration comes amid a wave of regulatory and industry momentum surrounding stablecoins. In July, the US Congress passed the “Genius Act,” granting dollar-pegged stablecoins legal recognition as currency. Observers view the law as a milestone that brings stability and legitimacy to the sector, encouraging wider adoption among banks and payment companies.

Japan is also moving swiftly. Earlier this month, the Financial Services Agency(FSA) authorized startup JPYC as the nation’s first licensed stablecoin issuer. At the same time, SBI Holdings announced a partnership with Sumitomo Mitsui Banking Corp. to explore stablecoin distribution. These developments underscore Japan’s commitment to building a regulatory framework that balances innovation with investor protection.

In addition to stablecoins, Monex is stepping up its pursuit of overseas acquisitions. Matsumoto disclosed that the company is in final talks to acquire a European blockchain-related firm, with an announcement expected within days. The move follows Monex’s decision to list Coincheck Group on Nasdaq last December, which Matsumoto described as the starting point for a global expansion strategy.