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Convano to Develop Yen-Pegged Stablecoin in Partnership with FINX JCrypto

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By BlockFlowAug 27, 2025

The company aims to secure full regulatory approval by 2027 while continuing to expand its Bitcoin reserves under its "21,000 BTC Plan."

Convano Inc., operator of the "FASTNAIL" salon chain, announced plans to begin developing a yen-linked stablecoin on September 1, 2025, committing an initial investment of 50 million yen.

The initiative will focus on building the core infrastructure for stablecoins, starting with a remittance and settlement network in collaboration with licensed money transfer businesses. Convano aims to obtain its own money transfer license by the end of 2027, enabling it to serve as a direct issuer under Japan's Payment Services Act.

To ensure stability and compliance, Convano will partner with cryptocurrency exchange FINX JCrypto to design a platform backed by Japanese government bonds and other reserve assets. The system will guarantee 1:1 redemption and adhere to anti-money laundering and counter-terrorist financing requirements.

The company pointed to Japan's evolving regulatory landscape as a catalyst for the project, highlighting new opportunities for yen-denominated stablecoins following recent legal developments.

Beyond its stablecoin ambitions, Convano has been actively expanding its Bitcoin reserves under its "21,000 BTC Financial Compensation Plan." The company currently holds around 365 BTC, purchased for a total of approximately 6.4 billion yen.

Convano Stablecoin Bitcoin Reserve

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