PAO TECH PTE. LTD. (Headquarters: Singapore; “PAO TECH Labs”), the development team behind projects such as InsureDAO and Orange Finance, today announces its JPYC DeFi ecosystem plan and the launc of the Curator business specializing in JPYC, Japan’s first JPY-denominated stablecoin.
A Curator is a professional role responsible for integrating assets into DeFi — selecting platforms, designing risk and parameter configurations, and constructing cross-protocol liquidity strategies to enable safe and efficient usage of assets in DeFi.
Through collaboration with leading DeFi protocols — Euler Finance, Morpho, IPOR Fusion, and Napier Finance — all with proven track records and audits, PAO TECH Labs aims to build the following ecosystem:
Launch of JPYC lending and borrowing markets
Development of JPYC yield-generating vaults
Creation of JPY-denominated fixed-rate markets (interest rate swaps, etc.)
Liquidity support for each product
Through this initiative, we aim to safely and efficiently onboard JPYC into the global on-chain economy, expanding its real-world use cases and scaling its issuance.
PAO TECH Labs plans to launch JPYC lending markets on Morpho (approx. $5B TVL) and Euler Finance (approx. $1B TVL), the world’s leading Curator-based lending platforms. These markets will enable users to borrow crypto assets using JPYC as collateral, or borrow JPYC against crypto assets.
PAO TECH Labs has already passed the official KYB process as a curator with Euler Finance and is currently designing market parameters toward deployment on both protocols.
This will establish new financial infrastructure for JPY-denominated on-chain liquidity, enabling JPYC holders to put assets to work within DeFi. Growing demand for lending is also expected to drive expanded JPYC issuance.
The next phase will introduce vaults that borrow USDC using JPYC as collateral, enabling diversified yield strategies on IPOR Fusion.
IPOR Fusion is a unified infrastructure for automated execution, yield optimization, and risk management, enabling multiple strategies to operate efficiently and securely.
These vaults will:
Deliver returns in JPYC, generated from positions collateralized by JPYC
Enable JPY-denominated yield strategies within DeFi
This will create a Japanese yen-based on-chain investment environment—from low-risk / low-volatility treasury-style strategies to aggressive point-farming strategies.
As the final phase toward a complete JPYC DeFi ecosystem, PAO TECH Labs will work with Napier Finance to add a fixed-rate layer to IPOR Vaults, enabling JPY-denominated fixed-rate products.
Napier Finance is an on-chain interest rate protocol enabling interest-rate curves and fixed-floating swaps.
This phase will deliver:
Fixed-rate JPYC yield products with predetermined returns at entry
Stable JPY income without FX risk
A foundation for enterprises and individuals to operate safely in yen-based DeFi
This milestone completes the Japanese yen DeFi market.
To expand enterprise adoption, PAO TECH Labs is exploring wallet and custody integrations, such as:
Integration with “Nsuite”, a distributed corporate wallet solution by double jump.tokyo
This will allow companies to safely access lending (Euler / Morpho) and IPOR Fusion yield products using JPYC, accelerating real-world adoption across Web2/enterprise financial infrastructure.
PAO TECH Labs aims to establish JPYC as a currency that can borrow, lend, invest, and generate returns — entirely in JPY — within global DeFi via deep integration with Euler, Morpho, IPOR, and Napier.
A video covering real-world use cases and DAO integrations from the recent JPYC DeFi Showcase is also available.
We are committed to making JPYC a currency that is actively used in global DeFi.Borrowing, investing, and earning yield in yen — implemented on-chain — has major significance for Japan’s financial future. Through collaborations with Euler, Morpho, IPOR, and Napier, the full infrastructure for lending, yield, and fixed-rate markets is now in place.Our next step is building practical infrastructure that enables Japanese enterprises and DAOs to connect to global markets in yen. PAO TECH Labs will elevate Japan-origin on-chain finance to global standards through JPYC.
— Motoki Takahashi, Co-Founder & CEO, PAO TECH PTE. LTD.
As the universal lending network, Morpho is committed to making every stablecoin productive, wherever it originates. We’re glad to support PAO TECH Labs in bringing JPYC onchain and unlocking yen liquidity through vaults on Morpho for the first time. This is a natural step for DeFi as non-USD stablecoins grow and the ecosystem moves toward a multi-currency market, with institutions building global stablecoin rails.
— Paul Frambot, CEO and Co-Founder of Morpho
We are excited to build automated yield strategies for JPYC on IPOR Fusion infrastructure. IPOR protocol has rates at its core so I’m personally looking forward to how rates trading if DeFi will look having onchain Yen and Dollar the most important xccy pair in the world.
— Darren Camas, IPOR Labs CEO
Polygon is proud to support PAO TECH Labs in bringing the Japanese yen stablecoin JPYC into the global DeFi ecosystem. This initiative advances multi-currency DeFi, enabling JPYC to power lending, yield, and investment opportunities with the efficiency of dollar-based assets. Together, we’re connecting Japan’s digital economy with global liquidity on Polygon’s scalable infrastructure.
— Marc Boiron, CEO Polygon Labs
We look forward to seeing a Japan-led team with deep DeFi experience act as a curator, turning complex, fragmented DeFi modules into simple, compelling products for end users. We’re also excited for Napier protocol to serve as the underlying infrastructure, including for vertically curated products combined in collaboration with other curator platforms.
— Yusuke Osoegawa, Napier Labs CEO
Web3における法人ウォレットは、資産の「保管」だけでなく、「運用・会計・コンプライアンス」までを包括する管理基盤へと進化しています。PAO TECH Labs による JPYC を軸とした今回の取り組みは、JPYC のユースケース拡大に寄与するとともに、暗号資産トレジャリー企業の運用可能性を大きく広げるものです。今後の発展を強く期待しています。
In Web3, corporate wallets are evolving from simple asset storage solutions into comprehensive platforms that also cover asset management, accounting, and compliance.This JPYC-focused initiative by PAO TECH Labs not only expands real-world use cases for JPYC, but also significantly broadens the operational capabilities available to crypto treasury organizations.We look forward to seeing its continued growth and development.
— Yukinori Matsuya, double jump.tokyo CEO
最初のプロジェクトの立ち上げ期から支援してきたPAO TECH Labsチームが、JPYCを起点にしたDeFi事業の展開をすることを大変嬉しく思います。これまでのプロジェクトで経験した多くの経験を生かして、 $JPYC をグローバルなDeFi Protocolでも利用され続けるステーブルコインの立場へと引き上げてくれることに期待しています。DeFiから逃げずにBuildし続けてきたPAO TECH Labsにご期待ください。
We are delighted to see the PAO TECH Labs team, whom we have supported since the earliest days of their first project, now expanding their DeFi initiatives centered around JPYC.Leveraging the extensive experience accumulated across past projects, we expect them to elevate $JPYC into a stablecoin that is used widely across global DeFi protocols.PAO TECH Labs has continued to build relentlessly without stepping away from DeFi — and we look forward to what they will achieve next.
— Kazuya Murakami, Fracton Ventures Incubation Lead
PAO TECH Labs believes Ethereum-based blockchains will form the next generation of financial infrastructure, with a mission to connect both individuals and institutions to DeFi.
The company provides treasury advisory services, develops InsureDAO, Orange Finance, and Berancia, and produces blockchain games enabling casual DeFi experiences.
PAO TECH Labs
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