> ## Content Index
> Fetch the complete content index at: https://www.fintechobserver.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Secured Finance Announces New JPYC-Based Product Suite
- URL: https://www.fintechobserver.com/secured-finance-announces-new-jpyc-based-product-suite/
- Published: 2025-10-30T02:12:07.000Z
- Updated: 2025-10-30T02:12:07.000Z
- Author: Norbert Gehrke
- Tags: stablecoin, fixed income, yield curve, capital markets, DeFi, japan

Secured Finance AG, a Japanese-founded, Swiss-incorporated developer of fixed-rate DeFi lending protocols, has announced a new suite of products built around the Japanese yen stablecoin JPYC.

The initiative aims to bring the **Yen yield curve on-chain**, enabling global investors to access the Japanese interest-rate market through transparent, decentralized infrastructure.

## Key Initiatives

### **1\. JPYC Fixed-Rate Lending**

Secured Finance introduces a **JPYC-denominated fixed-rate lending market**, enabling depositors to earn stable yields and borrowers to secure **predictable funding rates**, forming the foundation of an **on-chain Yen yield curve**.

**Schedule:** The initial auction process will begin on November 3, 2025, with trading to start the following week once opening prices are set.

**Initial maturities:** December 26, 2025, and March 27, 2026 — with additional quarterly markets to be added progressively based on demand and maturity cycles.

### **2\. JPYC Borrowing with WBTC/ETH — and Future RWA Collateral**

In the initial phase, users can borrow JPYC by pledging **WBTC or ETH** as collateral — linking crypto-asset markets with the Yen-based interest-rate economy for the first time.

Future phases will **extend collateral options to include RWA-backed and yield-bearing tokens**, bridging decentralized credit markets with real-world financial instruments such as tokenized T-bills and fund tokens.

### **3\. JPYC Yearn Vault v3 Integration**

In collaboration with Yearn Finance, Secured Finance is **developing** **a** **JPYC Vault (v3)** that automatically optimizes yield strategies across multiple markets.

Initial strategies may include **automated market-making on fixed-rate orderbooks** and **delta-neutral mechanisms** inspired by decentralized approaches such as Ethena.

The system is fully **non-custodial and on-chain**, ensuring transparent and algorithmic execution of all yield operations.

### **4\. On-Chain Yen Benchmark Rate**

As the JPYC lending market matures, Secured Finance **plans to develop and publish** an **on-chain Yen benchmark rate**, similar in spirit to LIBOR, derived from transparent, market-based lending activity.

While liquidity may be limited initially, such a public reference rate will play an important role in enhancing **the stability and transparency of yen-denominated on-chain finance** and in establishing standardized rate references for JPYC and other yen stablecoins.

### **5\. JPYC x402 Facilitator**

Secured Finance **plans to implement** **Coinbase’s x402 protocol (EIP-3009 compliant)** to enable code-based JPYC automated payments.

The x402 initiative redefines the original HTTP “402 Payment Required” response, providing a new mechanism that allows websites and online services to accept **stablecoin payments directly through code**, without complex payment systems or high fees.

This will enable any online service or **AI agent** to transact securely and instantly using JPYC.

According to a16z’s State of Crypto 2025 report, the **autonomous-agent payments market could reach $30 trillion by 2030**, underscoring the transformative potential of this technology across **Web2/Web3 e-commerce and the emerging machine economy**.

---

[Japanese Yen Stablecoin “JPYC” and Issuance Platform “JPYC EX” to Launch on October 27JPYC Inc. was registered as a “Fund Transfer Service Provider” (Registration Number: Kanto Local Finance Bureau Director No. 00099) under Article 37 of the Payment Services Act on August 18, 2025\. Following a preparation period, JPYC will officially begin issuing Japan’s first Japanese yen-denominated stablecoin “JPYC” on October 27, 2025.![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/icon/Newsletter-Small-232.png)Japan FinTech ObserverNorbert Gehrke![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/thumbnail/JPYC-1.png)](https://www.fintechobserver.com/japanese-yen-stablecoin-jpyc-and-issuance-redemption-platform-jpyc-ex/)