Overview

• Chairman Oki Matsumoto said Monex is exploring a yen token backed by Japanese government bonds and redeemable one-for-one with the yen.
• The proposed coin would target cross-border remittances and corporate settlements rather than trading use.
• Distribution would tap customer bases at Coincheck and Monex Securities if the project proceeds.
• Monex is in final negotiations to acquire a European blockchain company, with an announcement expected within days.
• Japan’s regulator this month approved JPYC as the first licensed yen stablecoin issuer, intensifying competition as Matsumoto notes issuance requires significant planning and capital.