Japanese yen stablecoin issuer JPYC completes approximately $17.62 million Series B extension financing
Foresight News reported, citing NADA NEWS, that Japanese yen stablecoin issuer JPYC has raised an additional 2.8 billion yen (approximately $17.62 million) in the second closing of its Series B round. Investors include Metaplanet, NCB Venture Capital, TechMira Holdings, Canal Ventures, SUMISEI INNOVATION FUND, i-nest capital, NTVP, Hokuyo Bank, and Yokohama Capital, among others. Metaplanet had previously disclosed in March this year its plan to invest up to 400 million yen in JPYC. The total Series B funding has reached approximately $29.62 million. The funds will be used for system and application development, talent recruitment, stablecoin issuance and settlement business, as well as for strategic investments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
National Grid (NGG.US) raises full-year profit forecast as capital investment soars to £6.7 billions, £70 billions upgrade plan enters acceleration phase
The UK National Grid has released its semi-annual report for the period ending September 30, 2026, and has raised its full-year profit forecast.
Brent: Election-driven risk premium unwinds – ING
Crypto prices
More
