Japan is making big moves in the crypto world. A key player called JPYC just raised $11.9 million in the first part of its Series B funding round. This cash will help grow its yen-backed stablecoin and build out Web3 tools for payments across the country. Led by Asteria Corporation, this raise shows strong belief in JPYC’s plan to mix strict rules with blockchain tech.
JPYC is a stablecoin tied 1:1 to the Japanese yen (JPY). Every token is backed by real yen reserves held under Japan’s tough financial laws. The company registered with the Financial Services Agency (FSA), Japan’s top financial watchdog. This makes JPYC one of the first fully regulated stablecoins in the country.
It launched its regulated version in October 2025 and runs on popular blockchains like Ethereum, Polygon, and Avalanche. This multi-chain setup lets users move money fast and cheap for different needs, from daily payments to big DeFi plays.
The funding round kicked off with Asteria Corporation as the lead investor. Asteria, a software giant, has worked with JPYC before. They love the mix of top-notch compliance and smart multi-chain growth. This is not just money—it’s a vote of confidence from pros who know the tech side.
Other big names jumped in too:
This group mix shows wide support. From tech firms to exchanges and AI players, everyone sees JPYC as key to Japan’s digital money shift.
Japan stands out in crypto. Its Payment Services Act sets clear paths for stablecoins. Issuers must hold full reserves, get audits, and follow FSA rules. No gray areas like in some countries.
JPYC jumped on this early. As a first-mover in regulated yen stablecoins, it beats rivals still figuring out compliance. This setup builds trust for users, businesses, and banks wanting to dip into Web3 without big risks.
Global stablecoins like USDT and USDC rule with dollar pegs. But yen stablecoins like JPYC target local wins:
JPYC isn’t just talk—numbers prove it. Token issuance is up, circulation spreads beyond main holders, and daily trading beats total supply. New wallets pop up fast, pulled by developers and early users.
This buzz means people trust the model. In a market full of shaky coins, JPYC’s steady peg and rules draw real demand.
The cash targets smart growth:
Goal? Shift from tests to full rollout. Developers on Ethereum can build DeFi, Polygon for gaming, Avalanche for speed—JPYC fits all.
Japan’s Web3 scene craves practical tools. JPYC enables:
As FSA rules spread, more firms will test stablecoins. JPYC leads, shaping how Japan blends tradition finance with Web3.
Yen stablecoins fill a gap. Dollars own 90% of the market, but local currencies win in home turf. Japan’s lead could spark similar regulated plays in Europe or Asia.
Investors bet big on compliance. Messy rules scare off institutions—Japan’s model pulls them in. JPYC’s raise proves yen stablecoins are ready for prime time.
With fresh funds, JPYC eyes massive scale. Expect more chains, deeper partnerships, and real-world pilots turning to production. Watch for B2B booms in remittances and payroll.
This cements JPYC as Japan’s stablecoin champ. It paves the way for Web3 payments that feel safe and simple. As Japan pushes digital yen frontiers, JPYC rides the wave.
Stay tuned for more on crypto funding and blockchain breakthroughs.
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