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Japan · Fintech
A digital-asset company developing JPY DeFi, a protocol for borrowing a yen-linked crypto-asset using crypto assets as collateral.
DeltaForesight is developing JPY DeFi, a protocol in which users would deposit crypto assets or stablecoins as collateral to borrow JPYdf, a crypto asset designed to target a value linked to the Japanese yen. Its proposed model would let users obtain yen-denominated on-chain exposure without first selling their collateral, with issuance and repayment governed by smart-contract rules.
The protocol is still in development ahead of a planned mainnet launch, with legal, security and operating arrangements under review. DeltaForesight says JPYdf is not a yen-denominated claim or a promise of redemption at par; the target value is not guaranteed.
| Announced | Round | Amount | Investors |
|---|---|---|---|
| J-KISS financing | Undisclosed | Coral Capital — LeadAnimoca Brands Corporation Limited — ParticipantDecima Fund — ParticipantDeFimans, Inc. — ParticipantFFG Venture Business Partners, Inc. — ParticipantHashPort, Inc. — ParticipantNarrative Inc. — Participant |