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Asteria Corporation ( (JP:3853) ) has shared an announcement.
Asteria Corporation has entered into a capital and business alliance with JPYC Inc., a Japanese yen-denominated stablecoin issuer, and will dispose of 480,700 treasury shares—equivalent to 2.75% of its outstanding stock—via third-party allotment to JPYC, while in return acquiring 57,937 Class B1 Preferred Shares of JPYC. Together with existing holdings via Asteria Vision Fund I, this will bring the Asteria Group’s stake in JPYC to 3.71%, laying the groundwork for joint initiatives in blockchain-based settlement, data integration for JPYC-related business systems, treasury operations using JPYC as proprietary capital, and broader stablecoin market development. The alliance is aimed at combining Asteria’s DX and system integration capabilities with JPYC’s digital currency infrastructure to build interoperable electronic payment and data platforms, positioning both companies to benefit from the expansion of blockchain and Web3-driven payment ecosystems in Japan and potentially strengthening Asteria’s medium- to long-term growth prospects in the digital finance domain.
The most recent analyst rating on (JP:3853) stock is a Hold with a Yen1212.00 price target. To see the full list of analyst forecasts on Asteria Corporation stock, see the JP:3853 Stock Forecast page.
More about Asteria Corporation
Asteria Corporation, listed on the TSE Prime Market, provides digital transformation solutions for companies, government agencies and local governments, with strengths in data integration, business automation and no-code development. Through its subsidiary-managed Asteria Vision Fund I, the group also invests in emerging digital and Web3 infrastructure businesses, signaling a strategic focus on data utilization platforms and next-generation payment technologies.
Average Trading Volume: 1,418,247
Technical Sentiment Signal: Buy
Current Market Cap: Yen16.28B
For detailed information about 3853 stock, go to TipRanks’ Stock Analysis page.