Announcement of the Start of Domestic First Trust-Type JPY-Denominated Stablecoin Lending Service 'JPYSC Lending' from July 16

SBI Holdings, Inc. (Headquarters: Minato-ku, Tokyo, Representative Director Chairman and President: Yoshihiro Kitao), a consolidated subsidiary engaged in the crypto asset exchange business, SBI VC Trade (Headquarters: Minato-ku, Tokyo, Representative Director President: Tomohiko Kondo, hereinafter 'the Company'), will start the domestic first trust-type stablecoin lending service 'JPYSC Lending' (hereinafter 'the Service') on the VCTRADE service from July 16, 2026 (Thursday). This service allows customers to lend the trust-type JPY-denominated electronic payment method (stablecoin) 'JPYSC' to the Company and receive the usage fee (rental fee) as consideration. Initially, the service will be offered with a 12-week term and an annual interest rate of 3%, which exceeds the general annual interest rate of JPY time deposits. Even under normal conditions, the service will be offered with a 12-week term and an annual interest rate of 1-3%. (JPYSC Lending is not a JPY deposit and is not subject to the deposit insurance system).

In addition, two campaigns to give away JPYSC by lottery will also be held to commemorate the start of the service.

The Company is the only one in Japan that can provide stablecoin circulation and trading services to the general public, holding a license as an electronic payment method, etc. trading business operator, and handles not only JPYSC but also USD-denominated stablecoins such as USDC and RLUSD, boasting the largest lineup in Japan.

The Company has already started the USDC Lending Service on March 19, 2026 (Thursday), and has been working to make stablecoins usable not only as payment methods but also for asset formation.

Since JPYSC is denominated in Japanese yen, unlike crypto assets or USD-denominated stablecoins, it has no volatility risk and is highly compatible with domestic users. By offering an annual interest rate that exceeds the general annual interest rate of JPY time deposits, we aim to expand the user base of JPY-denominated stablecoins, and this service will be one of the core services toward the realization of on-chain finance in the future.

This is an opportunity to try a new asset formation option made possible by the Company, which is the only one in Japan that can handle trust-type JPY-denominated stablecoins.

【Features】

Feature 1: High Interest Rates

For bank JPY time deposits, excluding preferential interest rates, the general annual interest rate is around 0.325-1%. On the other hand, with JPYSC Lending, you can expect a higher annual interest rate. JPYSC Lending is not a JPY deposit and is not subject to the deposit insurance system. Early termination during the loan period is generally not possible.

Item

JPYSC Lending

(12-week term

JPY Time Deposit

(3-month term)

Expected Annual Interest Rate

・Initial Annual Interest Rate 3%

・Normally, Annual Interest Rate 1-3% planned

Annual Interest Rate 0.325-1%

(Preferential 1-2%)

Feature 2: No Tax Filing Required for Small Amounts

The interest on bank time deposits is subject to a flat 20.315% source tax regardless of income, but the income from JPYSC Lending is treated as miscellaneous income under comprehensive taxation. If the annual miscellaneous income is less than 200,000 yen and there are no other miscellaneous incomes, etc., it may not be subject to tax filing, making it easy to start without worrying about exchange rate fluctuations. It is also suitable for those who want to try new asset formation in JPY or those who want to start with a small amount.

Item

JPYSC Lending

JPY Time Deposit

Tax Classification

Comprehensive Taxation (Miscellaneous Income)

Source Tax Separation

Tax Rate

Varies by Income

(For less than 200,000 yen per year, tax filing may not be required if certain conditions are met, but the maximum tax rate for more than 200,000 yen per year is 55.945% including income tax (including reconstruction special income tax) and residence tax)

Flat 20.315%

Feature

Can start with small amounts without tax filing

Taxed regardless of income

Feature 3: Simple Procedures for Beginners

JPYSC Lending allows you to earn income (rental fee) simply by lending JPYSC, so no special procedures are required during the loan period. Even beginners can start easily.

【Service Overview】

Service Name

Loan Coin

Type of Transaction

Consumer Loan Transaction

Order Acceptance Time

Same as the Company's trading hours (excluding maintenance time)

Usage Fee (Including Tax)

Usage Fee (Including Tax) = Loan Quantity × Annual Interest Rate (Usage Fee Rate) × Period (Days) ÷ 365

*1 year is calculated as 365 days. Round down to the 7th decimal place. Please check the annual interest rate (usage fee rate) on the recruitment screen.

Loan Period

Initially, normal recruitment is for 12 weeks

*If there are any changes, we will notify you in advance.

Agreement

Approved in principle in the order of application according to the Company's criteria

Repayment Time

Scheduled between 15:00 and 16:00 on the day of receipt

Repayment Quantity

Add the usage fee (including tax) to the loan quantity and repay in JPYSC

Early Termination

Generally not possible

Response Policy in Case of New Coin Issuance Due to Forking, etc.

In case a new coin is issued due to a hard fork, etc. on the blockchain during the loan period of JPYSC, the Company will generally not provide the equivalent amount of money for the new coin, additional lending of the new coin, or repayment of the new coin.

*1 As of July 13, 2026 (Monday). Company survey.

*2 BITPOINT service is not included.

*3 As of July 13, 2026 (Monday). Company survey. For details, please refer to the websites of each financial institution.

*4 The annual interest rate may vary depending on market conditions. Recruitment may be suspended depending on the situation. Also, JPYSC Lending is not a JPY deposit and is not subject to the deposit insurance system. Early termination during the loan period is generally not possible.

*5 Tax conditions vary depending on individual income status. Please consult a tax accountant or the competent tax office for details.

<Precautions>

1. The stablecoin (JPYSC) handled by the Company is not Japanese yen.

It is also not guaranteed by any specific country.

2. JPYSC Lending is a consumer loan transaction in which the customer lends JPYSC to the Company, and the Company returns the same type and quantity of JPYSC borrowed from the customer with the usage fee attached. The borrowing of JPYSC from customers in such JPYSC transactions does not fall under 'managing electronic payment methods for others' as prescribed in Article 2, Paragraph 10, Item 3 of the Fund Settlement Act.

3. The application start date for this service is July 16, 2026 (Thursday), and the actual lending start date is from July 23, 2026 (Thursday).

4. Risks of JPYSC Lending

(1) Risk of Company Bankruptcy

The JPYSC borrowed from customers by the Company is not subject to separate management under the Fund Settlement Act.

Therefore, in the event of the Company's bankruptcy, there is a risk that customers may not be able to receive all or part of the JPYSC they lent to the Company.

Note that the Company may re-lend the JPYSC borrowed from customers, but the management of such re-lending transactions of JPYSC is the sole responsibility of the Company.