Overview

• The startup said it received a license this week and will issue the yen-pegged JPYC later this year, targeting an autumn rollout.
• The stablecoin will be fully convertible to yen and maintain a 1:1 peg backed by domestic bank deposits plus Japanese government bonds.
• CEO Noritaka Okabe said initial demand is expected from institutional investors, hedge funds and family offices.
• JPYC outlined a model with zero transaction fees, instead capturing yield from the JGB reserves it holds.
• Prior reporting says the firm aims to issue about 1 trillion yen over three years and may become a sizable JGB buyer, with planned uses including remittances and corporate settlements.