News linked to both this project and an event.
According to NADA NEWS, ReYuu Japan, a company listed on Japan’s Tokyo Stock Exchange Standard Market, announced that, following mutual consultation, it has terminated the basic agreement with Canadian investment firm Universal Digital Inc. regarding a financing framework of up to USD 100 million (approximately JPY 15 billion). The agreement was originally intended to advance external financing arrangements related to ReYuu Japan’s Digital Asset Treasury (DAT) strategy; however, it was not a formal loan agreement, and neither the financing framework nor any actual borrowing had been finalized prior to termination. ReYuu Japan stated that the capital market environment for publicly listed companies pursuing digital asset treasury strategies has changed, with investors adopting a more cautious stance. The termination does not signify the suspension of its digital asset treasury strategy; rather, the company will continue evaluating the strategy in light of market conditions, financial soundness, and shareholder value.
According to NADA NEWS, JPYC, the issuer and operator of the Japanese yen-pegged stablecoin JPYC, announced that it has raised an additional $17.62 million in the second closing of its Series B funding round. Combined with the first closing, the total funds raised are expected to reach approximately $28.93 million. Participating investors include NCB Venture Capital, Metaplanet, Kitao Bank, and Yokohama Capital, among others. The newly raised capital will be primarily used for system and application development, hiring talent for business expansion, stablecoin issuance and redemption, trading, payments, management-related operations, and new strategic investments. JPYC stated that, as of April 15, its cumulative issuance has exceeded approximately $13.21 million. The stablecoin is currently supported on Avalanche, Ethereum, and Polygon, and the company is considering adding support for Kaia and Arc.