On May 23, PANews reported that JPYC Co., Ltd., the issuer of the Japanese yen stablecoin, has completed its Series B funding round, raising a total of 5 billion yen (approximately $31.4 million) across its first and second funding rounds. Four new institutional investors have joined: Life Design Fund, IHD STRATEGY FUND, Awagin Future Creation Investment Limited Partnership, and Meiji Yasuda Future Co-creation Investment Limited Partnership. The funds raised in this round will be used to expand the ecosystem in financial and Web3 sectors, further accelerating the adoption of the Japanese yen stablecoin JPYC.
JPYC Raises 500 Million Yen in Series B Funding for Financial and Web3 Expansion
PANewsShare
Summary
JPYC Co., Ltd., the issuer of the JPYC stablecoin, has raised 500 million yen ($31.4 million) in its Series B funding round. New investors include Life Design Fund and IHD STRATEGY FUND. The capital will support growth in financial and Web3 adoption, with expansion efforts focused on Web3 news and broader utilization of the JPYC token.
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.