JPYC (Japanese Yen Stablecoin)

JPYC is a Japanese Yen stablecoin (1 JPYC = 1 JPY) issued and operated by JPYC Inc., a registered funds transfer business in Japan. It is a non-custodial electronic payment instrument backed by Japanese Yen deposits and government bonds, allowing users to exchange between JPY and JPYC via the JPYC EX platform on Ethereum, Polygon, and Avalanche networks. The stablecoin enables borderless payments, transfers, and integration with blockchain-based financial services and games.

JPYC is a Japanese Yen stablecoin that is designed to keep a steady value of 1 JPYC = 1 Japanese Yen. It does not have any built-in way to earn interest or yield for simply holding it.

The JPYC EX platform lets users create (mint) new JPYC tokens by depositing Japanese Yen, and exchange them back for Japanese Yen, at a 1:1 rate with zero fees. The stablecoin’s value is backed by real Japanese Yen deposits and Japanese government bonds, held by the regulated company JPYC Inc.

Because JPYC is a payment tool under Japanese law, its main purpose is reliable value transfer, not generating returns. Any chance to earn yield with JPYC comes from using it in third‑party DeFi applications—like lending platforms or staking pools—where you can lend out your JPYC or use it in other ways. Those opportunities are separate from JPYC’s own design.

JPYC (JPYC Inc.) has raised multiple funding rounds:

January 2021: Raised 40 million JPY (approx. $360k) in early funding.

December 2021: Raised 500 million JPY (approx. $4.4M) in funding.

2022-2025: Multiple J-KISS type funding rounds from investors including HYPERITHM, United Inc., Pasona Venture Partners, Densan Systems, YTFUND, AG Capital, Cryptolink, and Power Angels, among others.

Series B 1st Close (February 2026): Raised 17.8 billion JPY (approx. $156M) with Asteria Co., Ltd. as lead investor. Other investors include QR2号ファンド投資事業有限責任組合, JR West Innovations, directX Ventures, Daiwa House Group Growth Fund, ちゅうぎんインフィニティファンド3号投資事業有限責任組合, TNBI一号投資事業有限責任組合, TM Capital, Techmira一号投資事業有限責任組合, HEROZ, bitFlyer Holdings, fundnote, FINOLAB1号投資事業有限責任組合, Meiji Yasuda Future Co-creation Fund, 両備システムズイノベーションファンド投資事業有限責任組合, and others.

Series B 2nd Close (April 2026): Raised additional 28 billion JPY (approx. $245M). Investors include NCB Venture Capital, Techmira Holdings, Metaplanet Inc., Canal Ventures, SUMISEI INNOVATION FUND, i-nest capital, NTVP, Hokkaido Bank, Yokohama Capital, and others.

Total Series B funding: Approximately 46 billion JPY (approx. $401M) as of April 2026.

The company has also received support from strategic partners and corporate venture funds aligned with financial technology and blockchain infrastructure development.