Japanese Yen Stablecoin 'JPYC' Raises Cumulative 5 Billion Yen in Series B Funding

JPYC Inc. (Headquarters: Chiyoda-ku, Tokyo; Representative Director: Noritaka Okabe; hereinafter "the Company"), the issuer and operator of the Japanese Yen stablecoin "JPYC", plans to complete an additional cumulative fundraising of approximately 5 billion yen across the 1st and 2nd closes of its Series B round.

The funds raised in this round will be utilized to expand the ecosystem in both the financial and Web3 domains, further accelerating the societal implementation of the Japanese Yen stablecoin "JPYC".

Summary and Objectives of this Round

Since the launch of the Japanese Yen stablecoin "JPYC" in October 2025, the Company has been expanding its circulation scale. In addition to credit card payments and Web3 wallet settlements available since launch, multiple projects aimed at realizing retail payment schemes have begun operating in 2026. Furthermore, in the recent major update, the specifications of the JPYC issuance and redemption platform "JPYC EX" were modified. This update aims to further improve convenience by revising the issuance limit rules and adding support for issuance on the Kaia chain. This Series B funding aims to strengthen the foundation to establish JPYC as the de facto standard in the digital circulation of the Japanese Yen, expanding these initiatives from isolated points to a broad surface as stablecoins transition from the proof-of-concept stage to the societal implementation phase.

Specifically, key investments will be made in the following four areas:

1. System and Application Development
We will build a system infrastructure with financial institution-level security and internal controls capable of withstanding rapid growth in issuance balances. We will invest in providing a seamless, frictionless development environment for users and adopting companies. This includes further expansion of multi-chain deployment and enabling JPYC to function as the native currency for 'M2M (Machine to Machine) payments', where AI agents autonomously send and receive value, leveraging its characteristics as programmable money.

2. Hiring Talent Necessary for Business Development
We will significantly strengthen our organizational structure to establish the "JPYC" ecosystem as social infrastructure. We will focus investments on hiring business development personnel to lead payment integration and use case pioneering, legal and compliance professionals to handle seamless collaboration with existing financial institutions and agile responses to evolving regulations, building a more robust AML/CFT framework, and recruiting blockchain experts.

3. Business Operations and Support Related to Stablecoin Issuance, Redemption, Trading, Payment, and Management
We will directly invest funds into business promotion and implementation support to expand the JPYC ecosystem. This includes not only pioneering consumer payment use cases but also expanding the infrastructure for corporations, anticipating BtoB remittances and future digital salary payments.

4. Strategic Investment in New Growth Opportunities
To agilely respond to the rapidly changing market environment surrounding Web3 and digital finance, we will flexibly and swiftly utilize funds for the creation of new use cases and strategic alliances in addition to the above.

Usage Reality and Innovativeness of Rapidly Growing "JPYC"

Following registration as a funds transfer service provider in August 2025, we began issuing "JPYC" in October of the same year. In approximately seven months since its launch, societal implementation is progressing at an accelerated pace, recording the following metrics:

1. From Expansion of Issuance to "Establishment": High Demand Seen Through Turnover Rate
Currently, the number of accounts opened has reached 18,000, and cumulative issuance has surpassed 2.5 billion yen (as of May 18, 2026), garnering solid support from many users. Notably, the overwhelming transaction volume relative to the issuance balance stands out. Total transaction volume has already exceeded 35 billion yen, vividly demonstrating the extremely high capital efficiency of the Japanese Yen stablecoin "JPYC" and the exceptional agility unique to digital formats. In fact, the daily asset turnover rate has recorded levels exceeding 100% of transaction liquidity. This is evidence that usage based on real demand is exploding, functioning not as "sleeping money" like deposits, but as "money in constant motion" for payments, remittances, and exchanges. Furthermore, the recent major update to "JPYC EX" revised the issuance limit rules, realizing a more convenient environment than ever before.

2. Multi-chain Strategy: Infrastructure Connecting Different "Economic Zones"
Currently, JPYC supports multiple blockchains. These are not mere technical options; they are "economic zones," each with different characteristics.
- Ethereum: The center of DeFi (Decentralized Finance) and large-value settlements (Financial District)
- Polygon: Active in entertainment use such as NFTs and gaming (Commercial/Entertainment District)
- Avalanche: Geared towards instant settlements leveraging high-speed processing (Highway/Logistics Network)
- Kaia (recently added): A smart platform for the everyday sphere (Digital Mall/Plaza)
- Arc (under consideration for addition): A trusted special zone for business traders (Enterprise Center)
"JPYC" is establishing its position as a "common currency" connecting these digital economic zones with differing characteristics. Starting with the recent addition of the Kaia chain, we will continue to expand our scope to new economic zones and broaden use cases further.

3. Mass Adoption Strategy: Making Japanese Yen Stablecoins an Everyday Standard Through Mega-Platform Partnerships
Since the announcement of the Series B first round, JPYC has been accelerating partnerships with mega-players representing various industries and entering next-generation markets, aiming to be the "new Japanese Yen" widely circulated in society. A symbolic example is its official adoption in "Unifi", the next-generation Web3 wallet provided by LINE NEXT. Integration with the LINE ecosystem, which boasts an overwhelming user base of 100 million people, serves as one of the largest domestic bridges toward mass adoption. Through this powerful channel, JPYC will deeply integrate into every scene of daily life, expanding its scope of use from Japan to all of Asia.

We will continue to use the funds raised as a strong driving force to elevate the societal implementation of the Japanese Yen stablecoin into an "irreversible reality" while redefining existing payment and financial frameworks.

Additional Series B Investors (Underwriters)
- Life Design Fund Investment Limited Partnership
- IHD STRATEGY FUND Investment Limited Partnership
- Awagin Mirai Sozo Investment Limited Partnership
- Meiji Yasuda Mirai Kyoso Investment Limited Partnership