#stablecoin #Asteria #JPYC

JPYC and Asteria Forge a Strategic Alliance

Overview
JPYC Corporation, headquartered in Chiyoda, Tokyo, has announced a strategic capital and business partnership with Asteria Corporation, based in Shibuya, Tokyo. This collaboration marks a significant step towards advancing the digital payment infrastructure in Japan, particularly in the realms of Web3 and blockchain technology.

Background and Objectives of the Partnership
JPYC is known for its issuance and operation of the Japanese yen stablecoin, aiming to build a new financial infrastructure in digital payments. Recently, there has been a growing expectation for high transparency in payment systems and data collaborations within public domains, including municipal and governmental entities. Asteria has proven expertise in this area with products like ASTERIA Warp, JPYC Gateway, and Click, supporting over 10,000 companies and municipalities in their digital transformation and automation efforts.

This partnership intends to synergize JPYC's stablecoin and blockchain capabilities with Asteria’s data integration and no-code development technologies. The ultimate goal is to implement practical digital payment and operational platforms that will accelerate Japan's economic growth.

Details of the Collaboration
Under this strategic partnership, both firms will focus on the following collaborative initiatives:

• - Joint research into payment systems utilizing JPYC and blockchain technology.
• - Collaboration in business systems and data integration related to JPYC.
• - Exploration of treasury management and new business models leveraging JPYC.
• - Combined efforts in information dissemination and market development to promote the healthy growth of the stablecoin market.

Capital Participation Details
In connection with this partnership, JPYC will issue B1 type preferred shares to Asteria, which will reciprocate with a third-party allotment. This mutual capital participation will see Asteria receiving 57,937 B1 type preferred shares from JPYC, increasing their stake which will total 107,937 shares (3.71% of the total issued shares). Additionally, JPYC will acquire 480,700 shares of common stock in Asteria, representing 2.75% of the company.

This setup fosters a strengthened framework for long-term collaboration, transitioning beyond mere business cooperation to establishing a sustainable partnership.

Future Prospects
Through this partnership, JPYC aims to facilitate the practical use of its stablecoin across diverse sectors, including corporations, municipalities, and financial institutions. This ambition aligns with a broader vision of contributing to the enhancement of Japan's digital currency and Web3 ecosystem.

The Features of the Japanese Yen Stablecoin, JPYC
The JPYC stablecoin maintains a 1:1 exchange rate with the Japanese yen, backed by thorough reserves in yen-denominated assets including bank deposits and government bonds. Users can confidently redeem the stablecoin for its equivalent value in yen. It operates across three blockchain networks: Avalanche, Ethereum, and Polygon, and offers numerous potential applications ranging from on-chain services combined with smart contracts to payroll systems and ATM cash withdrawals, thus showcasing its versatility as a future financial infrastructure.

Emerging Economic Sphere through JPYC
Designed as an