payments

HashPort Partners with Kansai Electric Subsidiary Moact to Integrate JPYC Stablecoins into Loyalty Program

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.

Key Details of the Partnership

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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