#Japan #Tokyo #Sony Bank #JPYC #BlockBloom

Sony Bank and JPYC Enter Strategic Agreement

Sony Bank, with its headquarters in Chiyoda, Tokyo, has announced a strategic partnership with JPYC Corporation to integrate their services with the stablecoin "JPYC." This agreement aims to enhance customer experiences by incorporating the benefits of Web3 technology into everyday activities. BlockBloom, a subsidiary of Sony Bank that specializes in Web3 initiatives, will play a central role in this collaboration by leveraging its expertise in this area.

Background and Purpose of the Agreement

In Japan, the revised Payment Services Act has facilitated the use of stablecoins as electronic payment methods, with the issuance of the yen-backed stablecoin "JPYC" starting on October 27, 2025. As the market evolves, the need has arisen for a seamless integration of Web3’s value into daily life. By utilizing Sony Bank’s trusted foundation and various service touchpoints, this collaboration seeks to create an intuitive environment that allows users to leverage Web3 securely and effortlessly.

Initiatives Under Consideration

One of the key initiatives under this partnership is the development of a feature that enables users to purchase "JPYC" directly through their Sony Bank accounts via the JPYC EX platform. This real-time account transfer function will eliminate the need for traditional bank transfer procedures, streamlining the purchase process.

The design of this service will consider the specific characteristics of real-time account transfers and their compatibility with banking infrastructure. Moreover, both companies are exploring additional features, such as automated multiple deposits, enhancing the user experience further. Importantly, while adhering to a neutral and sustainable design philosophy, this service will not be restricted to specific financial institutions, ensuring wider access for users while respecting the open principles that guide this initiative.

Future Prospects

Starting with this partnership, the two companies will gradually explore further enhancements in service convenience. This includes:

• - Streamlining JPYC Issuance and Redemption: By making the processes for issuing and redeeming JPYC more seamless, users will be able to engage with JPYC with fewer steps, providing a more intuitive experience that blends daily banking transactions with Web3 services without complications.
• - Collaboration with Entertainment IP/Web3 Services: There is a strong potential to collaborate with various entertainment intellectual properties and Web3 services, creating new use cases for stablecoins, like purchasing digital content and offering unique rewards. This fusion of finance, entertainment, and Web3 will offer users exciting new value experiences.

Both Sony Bank and JPYC are committed to ensuring that all initiatives comply with relevant laws and guidelines, balancing safety and convenience. Together with BlockBloom, they aim to establish an environment where users can fully enjoy the value of Web3.

About BlockBloom

BlockBloom, a fully owned subsidiary of Sony Bank, is set to launch its operations on October 1, 2025. Its mission is to provide users and businesses with new and exciting experiences in the Web3 era while also creating revenue opportunities. BlockBloom is dedicated to supporting businesses in exploring and implementing Web3 solutions through consulting services.

For more information about BlockBloom's business launch, visit: BlockBloom Announcement

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About JPYC Corporation

Since its establishment in 2021, JPYC has been at the forefront of stablecoin initiatives. As the first entity in Japan to obtain licenses for money transfer, JPYC has rolled out its yen-backed stablecoin "JPYC" and aims to drive digital financial innovation through transparency and reduced transfer costs.