JPYC Completes $17.62M Series B Follow-on Funding

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JPYC, the issuer of the Japanese Yen stablecoin, has announced the completion of a Series B follow-on funding round, raising 2.8 billion yen (approximately $17.62 million). This funding brings the total Series B raise to $29.62 million. Investors include Metaplanet, NCB Venture Capital, TechMira Holdings, and others. The funds will support system development, talent acquisition, and stablecoin operations. The update was reported in on-chain news as JPYC continues to expand its infrastructure and market presence.

ChainThink reports, according to NADA NEWS, JPYC, the issuer of the Japanese yen stablecoin, has completed the second close of its Series B funding round, raising an additional 2.8 billion yen, approximately $17.62 million. Investors include Metaplanet, NCB Venture Capital, TechMira Holdings, Canal Ventures, SUMISEI INNOVATION FUND, i-nest capital, NTVP, Hokuyo Bank, and Yokohama Capital.


Metaplanet disclosed in March this year its plan to invest up to 400 million yen in JPYC.


Following this round of financing, JPYC's Series B total funding has reached approximately $29.62 million. The raised funds will be used for system and application development, talent acquisition, stablecoin issuance and settlement services, and strategic investments.

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