DeltaPosight raises ¥324M to build JPYdf, a yen-pegged asset backed by BTC and ETH
- —Raised ¥324 million ($2.1 million), led by Coral Capital
- —JPYdf is a crypto-collateralized debt asset, not a fiat-backed stablecoin
- —Animoca Brands Japan, HashPort and Decima Fund also participated
- —Proceeds fund DeFi protocol development, audits and hiring
Why it matters: The project offers an alternative to dollar-centric stablecoins, but carries liquidation risk if collateral values fall.
Source: TokenPost