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Community stablecoin pegged to the Japanese yen for capital liquidity.
JPYC is a fintech company specializing in the issuance of a Japanese Yen-pegged stablecoin. This digital asset functions as a blockchain-based prepaid payment instrument, designed to facilitate secure and transparent transactions. The company’s core offering provides a reliable digital currency alternative, leveraging blockchain technology to ensure stability and utility within various payment ecosystems.
Founded in 2019 and headquartered in Tokyo, JPYC emerged from the recognition of a growing demand for stable digital assets in the Japanese market. The company quickly established itself by developing a compliant framework for its stablecoin, aiming to bridge traditional finance with the nascent digital economy. This initiative provided a foundational element for broader Web3 adoption in the region.
The product primarily serves businesses and individuals seeking a stable, blockchain-native medium for value exchange and payments. JPYC's long-term vision is to establish robust blockchain-based financial infrastructure, fostering greater accessibility and efficiency in digital transactions. The company continues to advance its stablecoin solution, supporting the evolution of digital finance.
JPYC has raised $26.8M across 3 funding rounds.
JPYC has raised $26.8M in total across 3 funding rounds.
JPYC has raised $26.8M in total across 3 funding rounds.
JPYC's investors include Yoichiro Hirano, Yuzo Kano, 北嶋 正樹, 川合 直也, Hayashi Takahiro, JR West Japan Innovations, 石田純一, Infinity Ventures Crypto, Asteria Corporation.
JPYC is a Tokyo-based fintech company that issues JPYC, Japan's first legally recognized yen-backed stablecoin, pegged 1:1 to the Japanese yen and fully backed by yen deposits and government bonds.[1][2][3][5] Operating on blockchains like Ethereum, Avalanche, and Polygon, it enables seamless digital payments, remittances, and transactions for users and businesses, bridging traditional finance with blockchain while ensuring regulatory compliance as a registered fund transfer service provider under Japan's Financial Services Agency (FSA).[1][2][3][5] JPYC serves Japanese consumers for low-volatility daily spending (e.g., via integrations with gift cards usable at millions of Visa merchants) and enterprises for faster settlements, lower fees, and programmable payments, solving issues like cryptocurrency volatility, cross-border FX risks, and slow bank transfers.[3][5] Founded in 2019, it has raised $6.24M in funding (latest: Convertible Note - V) and aims for 10 trillion yen (~$65B) in circulation within three years, positioning it as a challenger in the fiat-backed stablecoin market alongside Circle and Binance.[1][3]
JPYC was founded in 2019 in Tokyo's Otemachi district by a team pioneering yen-pegged stablecoins amid Japan's evolving crypto regulations.[1][3] The idea emerged from the need for a stable digital yen representation, evolving from initiatives like the Digital Currency Forum involving over 100 Japanese institutions, including Nomura, and collaborations with entities like GMO Internet and DeCurret's DCJPY tokenized deposits.[1] A pivotal moment came with Japan's revised Payment Services Act, enabling JPYC Inc. to launch as the nation's first FSA-approved yen stablecoin in late 2024 (or early operations post-approval), complete with the JPYC EX platform for minting/redeeming via My Number ID verification.[3][5] Early traction includes partnerships with fintechs like Densan System for retail payments and Asteria Corp for enterprise tools used by 10,000+ companies, alongside blockchain expansions.[3]
JPYC rides Japan's stablecoin boom under post-2024 regulations, filling the gap between volatile crypto and a potential sovereign digital yen by offering a regulated private alternative for everyday and enterprise use.[3][5] Timing aligns with global fiat-backed stablecoin growth (e.g., Tether's dominance) and Japan's push for blockchain adoption via forums like Digital Currency Forum, where market forces like low interest rates, remittance needs, and Web3 integration favor yen-pegged assets.[1][3] It influences the ecosystem by enabling businesses (e.g., 10,000+ via Asteria) to adopt blockchain payments, accelerating DeFi, PayFi, and tokenized deposits while setting compliance benchmarks that could spur competitors and position Japan as an Asian digital finance hub.[1][3][5]
JPYC is poised to scale via blockchain expansions, deeper enterprise integrations (e.g., retail/e-commerce), and partnerships chasing its 10 trillion yen ambition, potentially rivaling global leaders if adoption accelerates.[1][3] Trends like programmable payments, CBDC coexistence, and Asia-Pacific remittance growth will shape its path, evolving its influence from yen-stable pioneer to ecosystem enabler for compliant Web3 finance in Japan. This stablecoin bridge cements JPYC's role in revolutionizing digital transactions, as outlined from its compliant yen-peg foundation.
JPYC has raised $26.8M across 3 funding rounds. Most recently, it raised $11.4M Series B in February 2026.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 27, 2026 | $11.4M Series B | Yoichiro Hirano | Yuzo Kano, 北嶋 正樹, 川合 直也, Hayashi Takahiro, JR West Japan Innovations, 石田純一 |
| Nov 1, 2021 | $4.0M Series A | Infinity Ventures Crypto | |
| $11.4M JPYC Funding Round | Asteria Corporation, Yoichiro Hirano |