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.
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