Japan Blockchain Foundation Inc. to Issue Trust-Type Japanese Yen Stablecoin "EJPY"

Japan Blockchain Foundation Inc. (Representative Director: Hiroaki Inaba), which operates and manages the consortium of "Japan Open Chain (JOC)", an Ethereum-compatible public chain operated by a Japanese company, announced today its formal decision to issue the Japanese Yen-denominated stablecoin "EJPY" on Japan Open Chain and Ethereum, as a trust-type scheme is now in sight for its establishment.

Regarding EJPY, the Company has been proceeding with concrete discussions with trustee entities regarding issuance and redemption, management of trust assets, system requirements, compliance with laws and regulations, etc., on the premise of issuance through a trust-type scheme where the Company itself is the consignor.

With the establishment of the trust-type scheme necessary for the issuance of EJPY now in sight, the Company will further accelerate preparations for the issuance and circulation of EJPY on JOC within fiscal year 2026.

About [EJPY]
EJPY is a Japanese Yen-denominated stablecoin, for which preparations are underway with issuance and circulation on JOC as its core.
The issuance and circulation of EJPY are expected to create real demand-based transactions on JOC, such as inter-company settlements, digital asset settlements, remittances, and settlements in various Web3 services.
Through EJPY, the Company aims to evolve JOC from merely a blockchain foundation into a payment infrastructure that involves actual value transfer.
In addition, while making JOC the core of the EJPY issuance and circulation infrastructure, the Company will also consider multi-chain compatibility and promote the establishment of a stablecoin circulation environment that is easy for domestic and international businesses to use.
The handling of EJPY for users is premised on cooperation with electronic payment instrument exchange service providers, and practical operations such as sales, transfer, and redemption are assumed to be provided under an appropriate system based on relevant laws and regulations.

In recent years, use cases such as inter-company settlements, cross-border settlements, digital asset settlements, and regional/local government-related settlements utilizing stablecoins have attracted attention both domestically and internationally.
Through EJPY, the Company will develop a highly reliable digital payment infrastructure compliant with Japanese law, promote the social implementation of next-generation payment infrastructure that companies, financial institutions, and local governments can use with peace of mind.
Moving forward, the Company will proceed with collaborations with trustees, electronic payment instrument exchange service providers, financial institutions, operating companies, local governments, system partners, etc., and will fully initiate preparations for the issuance, circulation, and expanded use of EJPY.
Please note that this announcement is about the preparation status for the issuance of EJPY, and does not currently constitute the sale, solicitation, or invitation of specific electronic payment instruments.
The actual issuance and handling start dates, issuance conditions, handling entities, target blockchain foundations, available services, etc., will be announced again as soon as they are decided, after discussions with relevant authorities and entities and completion of necessary procedures.

Representative Comment (Representative Director Hiroaki Inaba)
Stablecoins are at the core of next-generation financial infrastructure, enabling actual value transfer on the blockchain.
We have nurtured Japan Open Chain as a blockchain platform that Japanese companies can use with peace of mind.
The full-scale preparation for the issuance of the Japanese Yen-denominated stablecoin "EJPY" is considered an important step to evolve JOC into a financial infrastructure where actual payments, remittances, and transactions take place.
First, we will proceed with preparations centered on issuance and circulation on JOC, and will promote the creation of real demand-based use cases such as inter-company settlements, digital asset settlements, and cross-border settlements.
Through EJPY, we aim to contribute to the social implementation of digital payment infrastructure that companies, financial institutions, and local governments can use with peace of mind by developing a highly reliable stablecoin infrastructure compliant with Japanese law, and to build a smooth financial system.

Japan-originated Blockchain "Japan Open Chain"
"Japan Open Chain" is an Ethereum-compatible (Layer 1) public chain operated by a Japanese company, emphasizing practicality.
Together with leading major companies and Web3 businesses in the industry, it is building a blockchain infrastructure that anyone around the world can use safely, quickly, and affordably.
At the same time, it is a project aimed at bringing about a digital financial revolution worldwide through the construction of future financial infrastructure, including stablecoin projects by banks and the digitalization of assets such as NFTs.
Current validators (blockchain operating partners) include Dentsu Inc., G.U. Technologies Inc., insprout Inc., Kudasai Inc., and Pixy.