JPYC Completes Additional 2.8 Billion Yen Series B Funding, Total Funding Reaches 4.6 Billion Yen
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Summary
Japanese stablecoin issuer JPYC has completed an additional 2.8 billion yen Series B funding round,
BroadChain has learned that at 18:30 on April 20, according to PANews, Japanese yen stablecoin issuer JPYC announced the completion of an additional 2.8 billion yen (approximately $17.62 million) in the second phase of its Series B financing, bringing the total expected financing for this round to about 4.6 billion yen. Investors in this round include NCB Venture Capital, MetaPlanet, TechMira Holdings, Canal Ventures, and others. The funds will be used for system and application development, talent recruitment, stablecoin issuance and settlement business, and strategic investments. Currently, JPYC's cumulative issuance has exceeded 2.1 billion yen, growing approximately 2.6 times in the past three months, with the daily transaction volume to circulation ratio exceeding 100%. It supports Avalanche, Ethereum, and Polygon chains, with plans to integrate Kaia and Arc. The company is expanding collaborations with institutions such as Sony Bank and LINE NEXT, and is developing cross-border payment and AI payment scenarios.