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Tecmira Holdings surges in sharp rebound on additional investment in JPYC
TECMIRA HOLDINGS INC. <3627> shares rebounded sharply on 21st for the first time in three days. After the close of trading on 20th, the company announced an additional investment in Tokyo-based JPYC, the issuer and redeemer of the yen-pegged stablecoin "JPYC," a move that attracted immediate buying interest. Through its group company Neos, Tecmira Holdings operates a service providing a wallet application equipped with prepaid payment functions. By strengthening its partnership with JPYC, the company aims to improve the stablecoin usage environment in the consumer sector and contribute to broader market expansion. This latest financial commitment was executed through its corporate venture capital arm established in 2023, following an initial investment made earlier this year in February.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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