JPYC Stablecoin Issuer Completes Additional B Round Financing of Approximately 2.8 Billion Yen, Totaling 4.6 Billion Yen in This Round
JPYC Corporation, the issuer of the Japanese yen stablecoin JPYC, announced the completion of approximately 2.8 billion yen in additional financing during the second closing of its B round. Combined with the previous round of funding, the total amount raised in this round is expected to reach approximately 4.6 billion yen. Investors include Metaplanet, NCB Venture Capital, Techmira Holdings, Canal Ventures, SUMISEI Innovation Fund, i-nest capital, NTVP, Bank of Beiyang, and Yokohama Capital, among others, with Metaplanet previously disclosing plans to invest up to 400 million yen.
The funds will primarily be used for system and application development, recruitment of business expansion talent, stablecoin issuance and settlement-related businesses, as well as potential strategic investment opportunities. As of mid-April 2026, JPYC's cumulative issuance has exceeded 2.1 billion yen, with a growth of approximately 2.6 times in the past three months and a daily trading turnover rate exceeding 100%. There are approximately 17,000 accounts, and over 137,000 wallet addresses have held JPYC. Currently, JPYC is deployed on Ethereum, Polygon, and Avalanche, with plans to expand to chains such as Kaia and Arc, while promoting cooperation with Sony Bank, integrating with Unifi wallet, and exploring tax refund, cross-border payment, and e-commerce payment scenarios, having already implemented offline payment applications in El Salvador.
Source: Public Information
ABAB AI Insight
JPYC's B round financing reflects a shift in the local stablecoin landscape under Japan's regulatory framework from early validation to large-scale expansion. As Japan's first licensed yen stablecoin, JPYC reduces compliance risks by relying on bank deposits and government bonds as 1:1 pegged reserves, attracting both traditional financial institutions and players from the Bitcoin ecosystem. This mixed investor structure indicates that stablecoins are becoming infrastructure that connects traditional finance with on-chain settlements, accelerating the reallocation of capital from the fringe crypto space to regulated payment tracks.
From an industry migration perspective, the high turnover rate and active on-chain address usage suggest that JPYC has transcended simple issuance to become a medium of actual circulation, especially in multi-chain deployment and the realization of cross-border, e-commerce, and offline payment scenarios. This corresponds to a technological substitution mechanism: blockchain reduces the costs of cross-border and instant settlements, incentivizing businesses to shift part of their payment flows from the traditional banking system to on-chain, thereby enhancing capital flow efficiency. The funding directed towards development and talent further reinforces its positioning as a "digital track for yen," providing a partial supplement in the context of limited yen internationalization.
In the long term, such developments are embedded in the evolution of Japan's financial structure. In a low-interest-rate environment and under population pressures, stablecoins influence the micro-level of wealth distribution by enhancing payment productivity and accessibility, while testing the balance between encouraging innovation and maintaining monetary sovereignty in regulation. It is not an isolated financing event but part of the competition among Asian stablecoins, highlighting how capital concentrates on compliant technological infrastructure when local regulation matures, supporting the gradual reconstruction of the digital economy system.