Home
News
Details

JPYC Completes ¥500M Series B Funding, Life Design Fund Participates

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
ETH
$1,666.49-4.71%
This is the logo of the coin.
AVAX
$7.088-7.32%
AI summary iconSummary

expand icon
JPYC Completes ¥500M Series B Funding, with Life Design Fund Participating. The funding announcement highlights the latest round led by Life Design Fund, IHD STRATEGY FUND, and two additional funds. JPYC issues a 1:1 JPY-backed stablecoin on Ethereum-based platforms including Ethereum, Polygon, Avalanche, and Kaia. The stablecoin is integrated into LINE NEXT’s Web3 wallet, Unifi. The funds will support system development, talent acquisition, business expansion, and strategic investments.

Odaily Planet Daily reports: JPYC Co., Ltd. has announced the completion of its Series B funding round, with the total Series B fundraising expected to reach approximately ¥5 billion. Four new investors—Life Design Fund, IHD STRATEGY FUND, Mirai Sōzō Investment Partnership, and Meiji Yasuda Mirai Sōzō Investment Partnership—have participated in the round.

The project primarily focuses on issuing JPYC, a stablecoin pegged 1:1 to the Japanese yen, which is currently live on Ethereum, Polygon, Avalanche, and Kaia, and has been adopted by LINE NEXT’s Web3 wallet, Unifi. The raised funds will be used for system and application development, talent acquisition, expanding the stablecoin business, and strategic investments. (CoinPost)

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.