Startale bond applications opened on October 6, 2026, according to the issuer’s offering page. The one-year digital corporate bond carries a fixed 5% annual pre-tax coupon, with interest and principal repayment scheduled in JPYSC, a yen-denominated stablecoin. The payment method is the financial development—not a claim about Bitcoin prices.
Startale bond dates, minimum and payment schedule
The advertised application window runs through November 10. The terms list a ¥99.9 million issue, applications from ¥100,000 and an issue date of December 1, 2026. The first interest date is June 1, 2027; the second interest payment and principal repayment are scheduled for December 1, 2027.
Startale’s English announcement limits the product to individual investors and companies in Japan. The Japanese page says applications may be subject to a lottery and that early cash-out and transfers are generally unavailable. Applying does not establish allocation or immediate issuance.
A stablecoin payment does not remove corporate credit risk
CapKet explanation: A bond is a claim on an issuer. Changing the payment channel does not turn that claim into a bank deposit or eliminate the possibility that a borrower cannot meet its obligations. The payment asset and the borrowing company’s ability to repay are different risks.
The terms name Startale Group Pte. Ltd. as guarantor. A group guarantee adds a named party responsible under the guarantee terms; it is not the same as government backing or a promise that no loss is possible. Readers need the actual documents to understand enforcement and scope.
JPYSC receipts also require a usable payment arrangement. Before relying on a stated coupon, an eligible reader would need to understand account access, receipt and redemption procedures, applicable charges and tax treatment. The 5% figure is the advertised annual pre-tax coupon, not a verified after-tax return for every investor.
The practical limitation: no routine early exit
If an instrument cannot normally be transferred or cashed out before maturity, its advertised yield does not compensate for every possible need for cash. The application window, issuance date and maturity date should be read together; they are different milestones.
Our Strategy Bitcoin funding explainer covers a separate corporate treasury transaction. It should not be used to infer this bond’s risk or returns.
Primary evidence checked October 6, 2026 at 17:32 IST: the issuer’s English announcement and Japanese offering terms. CapKet has not independently established the issuer’s promotional ‘Japan first’ claim and does not adopt it in the headline.