Tokyo launches yen stablecoin subsidy program, with a maximum subsidy of 40 million yen per item

According to the official website of the Tokyo Metropolitan Bureau of Industry and Labor, on April 15, 2026, Tokyo released the "Guidelines for Promoting the Delivery of Business Subsidies through the Socialization of Stablecoins", which supports projects that use Japanese yen stablecoins issued within Tokyo for settlement, remittance, and other use cases. The maximum amount of a single subsidy is 40 million yen (approximately 260000 US dollars), and the highest subsidy ratio is 0.6666666666666. The subsidy scope includes external platform utilization fees, legal and audit consulting fees, system development fees, etc. The applying institution must have a registered headquarters or branch within Tokyo, and project verification or implementation must be completed before the end of the fiscal year.