JPYC Inc.

JPYC Inc. (JPYC株式会社) is Japan's first FSA-approved yen-pegged stablecoin issuer, founded in November 2019 by CEO Noritaka Okabe. Originally established as Japan Crypto Asset Market Inc., the company rebranded to JPYC Inc. to reflect its core mission of issuing and operating JPY Coin (JPYC), a Japanese yen stablecoin operating on public blockchain networks including Ethereum, Polygon, and Avalanche. JPYC is a licensed Type II Fund Transfer Service Provider under Japan's Payment Services Act and holds more than 99% market share in Japan's yen stablecoin market.

Core Products and Services

JPYC's flagship product is the JPYC stablecoin, launched on October 27, 2025, as Japan's first legally recognized yen-denominated stablecoin. Each token is issued and redeemed at a fixed 1 JPYC = 1 Japanese yen, backed by yen-denominated assets including bank deposits and Japanese Government Bonds (JGBs) at more than 100% collateralization. The company operates JPYC EX, a non-custodial issuance and redemption platform where users retain full control over their wallets.

For developers, JPYC provides an open-source SDK available on GitHub in both TypeScript and Python, enabling integration with JPYCv2 smart contracts across supported chains for balance inquiries, wallet integration, and on-chain transactions. The company also offers B2B settlement services for corporate payments and cross-border remittances, and is building a merchant payment network through its partnership with Densan System covering over 65,000 retail locations across Japan.

Key Strengths

JPYC holds a unique regulatory position as the only domestically-issued yen stablecoin operating under Japan's regulatory framework, placing it under direct FSA oversight with full KYC, AML, and consumer protection compliance. The company uses Elliptic's AML solutions for transaction monitoring and fraud detection. Its multi-chain architecture positions JPYC as an interoperable bridge currency across distinct blockchain economic zones.

Notable Partnerships and Milestones

JPYC secured approximately $11.9 million in Series B funding (February 2026), led by Asteria Corporation with participation from JR West Innovations, bitFlyer Holdings, Meiji Yasuda Life Insurance, and regional banking venture arms. In March 2026, Sony Bank signed an MOU with JPYC to explore real-time stablecoin purchases directly from bank deposit accounts through JPYC EX, with Sony's Web3 subsidiary BlockBloom designing the integration. JPYC also participates in Circle's StableFX foreign exchange request-for-quote system. As of January 2026, cumulative issuance exceeded 1.3 billion yen with a monthly growth rate of approximately 69%.

Why Choose JPYC

JPYC provides the only regulated on-chain Japanese yen settlement infrastructure, enabling businesses to conduct instant, low-cost domestic and cross-border transactions while maintaining yen-denominated accounting. With its FSA-approved regulatory status, open-source developer tools, multi-chain support, and growing ecosystem of enterprise partnerships, JPYC serves as foundational stablecoin infrastructure for Japan's emerging Web3 economy.