Japan’s Financial Services Agency will classify foreign trust beneficiary rights that are equivalent to Japan’s regime as electronic payment instruments starting June 1, 2026. The revision creates a legal basis for qualified foreign trust-type stablecoin services in Japan and clarifies that these instruments will not be treated as securities under the Financial Instruments and Exchange Act. The change gives eligible foreign trust-based stablecoins formal standing within Japan’s payment rules while maintaining a limited, compliance-based pathway rather than broad recognition for all foreign-issued stablecoins.