JPYC Partners with SBJ Bank and LINE NEXT to Launch Proof of Concept for JPY Stablecoin Account Funding Feature

On October 21, JPYC Co., Ltd., the issuer of the Japanese yen stablecoin JPYC, announced the signing of a memorandum of understanding for business cooperation with SBJ Bank and LINE NEXT to jointly conduct a proof of concept (PoC) for an account-linked top-up feature.

The collaboration aims to connect bank accounts, stablecoins, and digital wallets. SBJ Bank will provide bank accounts and infrastructure to validate integration with traditional financial services. LINE NEXT will supply digital services covering Unifi Pay alongside blockchain technology. JPYC will provide technical support for issuance and redemption and establish the validation environment. Additionally, SBJ Bank and LINE NEXT will explore commercialization pathways for integrating traditional banking services with Web3 ecosystem platforms.