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JPYC Inc. — Japanese-yen stablecoin issuer (funds-transfer-operator type)

Confidence: Likely Updated 2026-05-21 Review by 2027-05-18 Sources 4 Machine-translated Original (JA)
#fintech#jp-crypto-exchange#vasp#stablecoin-issuer#jpy-stablecoin
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This entry sits under exchanges index. Read it with FSA crypto-asset exchange registration system — number system / Local Finance Bureau jurisdiction / registration requirements for adjacent context and Japan Financial Regulation — Legal Framework for Tokens, Crypto Assets, and Payments for the broader system boundary.

Funds-transfer-operator registration, Kanto Local Finance Bureau 第00099号 · JVCEA member #1042 (funds transfer business) · established 2019年11月

Namespace note: JPYC is not a conventional crypto-asset exchange. This detailed page remains in exchanges/ for legacy stablecoin-routing reasons; the operating-company anchor is jpyc.

1. Corporation / shareholders

  • Trade name: JPYC Inc.
  • English name: JPYC Inc.
  • Established: 2019年11月
  • Head office: 〒100-0004 1-chome 6-1号 Otemachi, Chiyoda-ku, Tokyo, 4F Otemachi Building, inside FINOLAB
  • Capital: 1億円 (100,000,000円)
  • Parent company / listing: Unlisted. Major investors (disclosed): in the 2026-04 additional round, Metaplanet (TSE Growth 3350), Sumitomo Life Insurance Company, and others participated. In 2026-02 , Asteria Corporation (TSE Growth 3853) participated as lead investor in the Series B 17.8億円 and concluded a capital and business alliance.

2. License / registration status

JPYC Inc. is not a crypto-asset exchange service provider. The company’s main licenses are the following 2 件:

TypeRegistration numberGoverning law
Funds-transfer operatorKanto Local Finance Bureau 第00099号Payment Services Act, Article 37
Prepaid payment instrument (third-party type) issuerKanto Local Finance Bureau 第00773号Payment Services Act, Article 31
  • JVCEA: Type-I member #1042 — only the registration category “funds transfer.” The JVCEA categories of crypto-asset exchange business, derivatives, and electronically recorded transferable rights handling business have not been granted.
  • It also holds a secondhand-dealer license (Tokyo Metropolitan Public Safety Commission: 第304372004277号) and secondhand-market operator license (ditto 第304372004710号) (presumed to be for NFT secondary-circulation support).

Why it is not a “crypto-asset exchange business”: JPYC has the issuance and circulation of the yen-pegged stablecoin “JPYC” as the core of its business, but that token is legally classified as an “electronically recorded transferable right (amended Payment Services Act, Article 2 , Paragraph 9 ),” and since the amended act came into force in 2023 年 6 月, the company conducts issuance and redemption within the framework of the funds-transfer-operator license it obtains. The institutional transition from the former “prepaid payment instrument” form (JPYC v1) to “funds-transfer-operator-type stablecoin” (JPYC v2) was completed in the latter half of 2025 年.

3. Handled currencies

  • Handled tokens: JPYC (Japanese-yen-pegged stablecoin) only — 1 type
  • Issuance network: Multi-chain support including Ethereum, Polygon, Avalanche, Gnosis Chain, Shiden Network, Astar Network, etc. (see the company’s official FAQ)
  • Peg ratio: 1 JPYC = 1 Japanese yen
  • Liquidity: Can be held, transferred, and used for payment in various wallets such as HashPort Wallet
  • No crypto-asset handling: Does not provide buy/sell services for crypto-assets such as BTC, ETH, etc.

4. Scope of business

  • JPYC EX (exchange / issuance platform): A window to deposit Japanese yen and issue (purchase) JPYC / redeem it (withdraw to Japanese yen). Started the service for individuals in autumn 2025 年.
  • Services for corporations: Corporate DX support / automated-payment solutions such as “JPYC Gateway” (jointly developed with Asteria).
  • Payment: Successively expanding JPYC payment support at various merchants such as restaurants (“Chibo,” etc.) (as of 2026-04 ).
  • Per-1 redemption cap: 100 万円 (as of 2025-12 → there are reports that the issuance cap was revised to 100 万円 per 1 in 2026-05 ).
  • Fiat-currency deposit channel: Bank transfer.
  • Does not provide crypto-asset lending, derivatives, NFT marketplace, etc.

5. Market share / trading volume

  • Cumulative number of accounts: As of 2025-12 , surpassed 1 万 (JPYC EX opened accounts).
  • Cumulative issuance amount: As of 2025-12 , surpassed an equivalent of 5 億円.
  • Customer base: Individual retail (JPYC EX) + corporations (B2B settlement, payroll DeFi use, etc.).
  • Market share: The only regulatory-compliant funds-transfer-operator-type yen stablecoin issuer in Japan. One of the 3 major domestic yen SCs alongside Progmat Coin (trust type) and DCJPY (bank type). It has a different competitive axis from crypto-asset exchange service providers.

6. History / major incidents

PeriodEvent
2019-11JPYC Inc. established. Noritaka Okabe assumed the position of Representative Director
2021Started offering JPYC (v1 prepaid type) on Ethereum
2022Expanded multi-chain deployment (Polygon, Avalanche, etc.)
2023-06Amended Payment Services Act came into force. Began preparations to transition JPYC’s institutional positioning from “prepaid payment instrument” to “electronically recorded transferable right (stablecoin)“
2023Obtained funds-transfer-operator registration (第00099号) from the Kanto Local Finance Bureau
2025-Q3Started the JPYC v2 (funds-transfer-business-based) service. JPYC EX offered to individuals
2025-12JPYC EX surpassed 1 万 cumulative accounts and 5 億円 cumulative issuance amount
2026-02Announced raising 17.8 億円 in a Series B with Asteria Corporation as lead investor. Concluded a capital and business alliance
2026-04-21Raised 28 億円 in an additional Series B close (Metaplanet, Sumitomo Life, and others participating)
2026-04-28FSA official materials specified JPYC as “funds transfer business” for the first time
2026-05-16A major update revising the issuance cap to 100 万円 per 1 on JPYC EX

※ No reports of administrative actions, hacks, or major system failures have been disclosed as of 2026-05 .

  • Asteria capital alliance (2026-02): Developing “JPYC Gateway” with the IT-infrastructure company Asteria, accelerating the incorporation of JPYC into corporate API remittance / automated settlement.
  • Metaplanet / Sumitomo Life participation (2026-04): Metaplanet, known for its Bitcoin holdings, and a major life insurer participated in the investment, raising recognition among the institutional-investor segment.
  • Merchant expansion (2026-04): JPYC payment began at the restaurant chain “Chibo,” etc., expanding usage scenes for general consumers.
  • Limit increase (2026-05): Revising the issuance cap to 100 万円 per 1 to promote corporate use.
  • No public plans regarding overseas expansion or IPO can be confirmed as of 2026-05 .
  • Noritaka Okabe (Okabe Noritaka): Representative Director. Founder of JPYC. The central figure who has been promoting the issuance of a yen-pegged stablecoin in Japan.
  • Details of other directors / shareholder composition have not been disclosed (as of 2026-05 ).

Sources