[NEWS] DeCurret, which issues DCJPY, raises 6.349 billion yen in funding

Decurret Holdings, which issues the digital currency DCJPY, has raised 6.349 billion yen through a third-party allotment of new shares, including Internet Initiative Japan, the largest shareholder.

Others who participated in the fundraising included SBI Holdings, Hitachi, Shizuoka Bank, TIS, NSD, Fujitsu, KDDI, Mitsubishi UFJ Bank, Higo Bank, Kagoshima Bank, GMO Financial Holdings, and ABeam Consulting, for a total of 13 companies.

In recent years, efforts that have been considered in countries around the world regarding digital payments using central bank digital currencies (CBDCs), tokenized deposits, stable coins, etc. are gradually moving into the practical application phase.

Decurret DCP, a subsidiary of DeCurret Holdings, began converting environmental value into a digital asset and settlement transactions using DCJPY in August as the first step in commercializing the digital currency DCJPY.

The digital currency DCJPY is not just a digital settlement service, but a service that realizes business and economic DX that can meet various needs, such as business sophistication and personnel reduction by reducing workload.

In addition to the environmental value project that started this summer, we will work to create new economic spheres, such as publicly offered self-offered digital securities and DAO fan token services. 

In addition, this capital increase was carried out to expand the business area by collaborating with existing economic spheres.

The purpose is to strengthen the business foundation of the DCJPY network through fundraising and accelerate business development.

Together with our partners, all 43 investor companies, we plan to continue to actively promote efforts to realize the use of the digital currency DCJPY in various fields. 

DCJPY is not a stable coin, but a tokenized deposit. Bank deposits are tokenized using blockchain technology and turned into digital currency.

On August 28, we started digitalizing environmental value as an asset and settlement trading with the digital currency DCJPY.

Digitalization of environmental value 

In July, DeCurret DCP, GMO Aozora Net Bank, and Internet Initiative Japan (IIJ) released the "DCJPY Network" system for actual testing. IIJ has begun converting environmental value into a digital asset and settlement transactions using DCJPY, using DCJPY issued by GMO Aozora Net Bank.

IIJ, which provides proxy procurement services for non-fossil certificates to customers who use the Shirai Data Center Campus, has converted environmental value into a digital asset on the blockchain and begun settlement transactions using DCJPY.

In addition to its use in data centers, the company is considering the possibility of secondary distribution of digitalized environmental value, aiming to provide new services in response to growing interest in carbon neutrality.

Reference: Announcement
Image: Announcement

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