Japanese stablecoin firm JPYC raises about $30M in extended Series B

Japan's JPYC, issuer of a yen-backed stablecoin, has completed an extended Series B round totaling roughly ¥5 billion (about $30 million). The round closed in two parts: a first close of ¥1.78 billion ($11.8 million) with Asteria Corporation, and a second close of ¥2.8 billion backed by Metaplanet, Sumitomo Life (via its SUMISEI INNOVATION FUND), NCB Venture Capital, Canal Ventures, and several other funds and banks.

Per Fintech Observer, the capital will be allocated across four areas: infrastructure upgrades for financial-grade security and M2M payments, hiring specialists in business development, compliance (AML/CFT), and blockchain engineering, expanding the B2B ecosystem (corporate settlements and digital payroll), and a strategic reserve for web3 partnerships. As of April 15, 2026, cumulative JPYC issuance had topped ¥2.1 billion — a 2.6x increase over three months — with 17,000 direct accounts and more than 137,000 unique wallet addresses. The token currently runs on Ethereum, Polygon, and Avalanche, with expansion to Kaia and Arc planned.

“We're shifting from individual 'points' of innovation to a whole 'plane' of social implementation.”

— Noritaka Okabe, CEO of JPYC

• Total Series B raise: roughly ¥5 billion ($30 million) across two closes
• JPYC issuance topped ¥2.1 billion as of mid-April — a 2.6x increase in one quarter
• The service counts 17,000 direct accounts and 137,000+ unique wallet addresses

JPYC is the first stablecoin issued under Japan's regulatory framework for fund transfer businesses, and remains the only onshore yen stablecoin on the market. The round lands amid broader Japanese investor interest in crypto infrastructure: we recently covered how Nikkei reported Japan could launch its first bitcoin ETF by 2028. Both stories fit the same pattern — a large but still cautious Japanese financial market is gradually opening up to crypto products, just visibly slower and more carefully than the US or Europe.

This piece is informational, not a recommendation to buy, sell, or hold any asset.