FINOLAB Member JPYC Becomes the First in Japan to Issue Japanese Yen-Denominated Stablecoin After Obtaining Fund Transfer Service Provider Registration

FINOLAB member company, JPYC Inc., has announced a major milestone, becoming the first in Japan to issue a Japanese Yen-denominated stablecoin after obtaining its Fund Transfer Service Provider registration.

On August 18, 2025, JPYC Inc. was officially registered as a “Fund Transfer Service Provider” (Registration No. Kanto Local Finance Bureau 00099) under the Payment Services Act.

This registration makes JPYC the first entity of its kind in Japan authorized to issue an electronic payment instrument (stablecoin) pegged 1:1 with the Japanese Yen.

You can read the full press release (in Japanese) here:

https://prtimes.jp/main/html/rd/p/000000274.000054018.html