Yen Stablecoin 'JPYC' Secures Additional ¥2.8 Billion in Funding, with Participation from Metaplanet and Sumitomo Life

Completion of Additional ¥2.8 Billion Funding

JPYC Corporation, which handles the issuance and management of the Japanese yen stablecoin, completed a ¥2.8 billion funding round on April 20, during the second close of its Series B round.

Participants in this round included Metaplanet, SUMISEI INNOVATION FUND (Sumitomo Life), i-nest capital, NTVP, Hokuyo Bank, Yokohama Capital, NCB Venture Capital, TechnoMirai HD, and Canal Ventures, among others.