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# HashPort Partners with Kansai Electric Subsidiary Moact to Integrate JPYC Stablecoins into Loyalty Program
- URL: https://www.fintechobserver.com/hashport-partners-with-kansai-electric-subsidiary-moact-to-integrate-jpyc-stablecoins-into-loyalty-program/
- Published: 2026-08-02T09:11:27.000Z
- Updated: 2026-08-02T09:11:27.000Z
- Author: Norbert Gehrke
- Tags: payments, loyalty, stablecoins, japan

Blockchain infrastructure provider HashPort has entered into a partnership with Moact, a wholly owned subsidiary of Kansai Electric Power, to allow users of Moact’s social contribution app to exchange earned loyalty points for JPYC, a Japanese yen-denominated stablecoin.

Users who complete social action "missions" on the Moact application can convert their acquired "NORM Points" into Polygon-based JPYC. The tokens will be stored and managed using HashPort Wallet, providing users direct connectivity to decentralized finance (DeFi) platforms.

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## Key Details of the Partnership

![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/2026/08/Gemini_Generated_Image_3gf90l3gf90l3gf9.png)

- **Point-to-Crypto Bridge:** NORM Points earned through social contribution tasks can now be converted to JPYC in addition to existing electronic gift card options.
- **Blockchain Infrastructure:** Converted JPYC tokens are issued by JPYC Inc. on the Polygon layer-2 network and managed via the HashPort Wallet.
- **DeFi Ecosystem Access:** Holders can connect their HashPort Wallet to external DeFi protocols, converting corporate loyalty incentives into active Web3 digital assets.
- **Regulatory Compliance:** HashPort clarified that the feature involves no cash-out settlement of converted point values, exempting the setup from Crypto Asset Exchange or Electronic Payment Instruments Service licensing requirements.

## Strategic Context

Moact—established on July 1, 2026—operates an engagement platform designed to incentivize public participation in social initiatives led by corporations, municipalities, and non-profit organizations.

The alliance aims to bridge traditional Web2 loyalty programs with Web3 asset management, reflecting a broader trend in Japan’s corporate sector toward integrating yen-backed stablecoins into consumer rewards and payment systems following JPYC's official launch in 2025.

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[JPYC Bridges the Gap to Retail: Yen-Pegged Stablecoin to Power Touch Payments via Japan’s National ID SystemJPYC, the prominent Japanese Yen-pegged stablecoin, is set to undergo a significant stress test in the physical retail environment, moving beyond the digital realm to power real-world transactions through Japan’s My Number Card system. In a move that signals the increasing convergence of Web3 assets and traditional![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/icon/Newsletter-Small-3af50c42-f439-4293-9a5c-3f50ba098d39.png)Japan FinTech ObserverNorbert Gehrke![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/thumbnail/JPYC-MyNumber-a23f65bb-27d7-410c-8a02-6e0b50e9355e.png)](https://www.fintechobserver.com/jpyc-bridges-the-gap-to-retail-yen-pegged-stablecoin-to-power-touch-payments-via-japans-national-id-system/)