IPS Establishes Philippine Fintech Subsidiary to Build Stablecoin, Digital Payment Infrastructure

MT Newswires Live
Mar 19

IPS (TYO:4390), via its Philippine subsidiary InfiniVAN, has agreed to establish a wholly-owned new company called Centimo Ventures by March to advance its stablecoin and digital financial services business, according to its Tokyo bourse filing on Thursday.

The move follows a memorandum of understanding signed in October 2025 with JPYC, the issuer of a stablecoin linked to yen. It aims to build a digital remittance and payment infrastructure by combining InfiniVAN's communication networks with blockchain-based financial services.

Centimo, capitalized at 268 million yen or 100 million Philippine pesos, will develop electronic payment systems, blockchain infrastructure, and financial transaction processing services from its headquarters in Bonifacio Global City, Taguig, in the Philippines.

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