SPD Japan K.K. (Representative Director: Yoshikatsu Kitano, CHENYU; headquarters: Minato-ku, Tokyo; hereinafter "SPD Japan"), which aims to develop a Japanese yen stablecoin and build Web3 financial infrastructure, held its 1st General Meeting of Shareholders on September 24, 2025, approved several major proposals, and made important decisions on its future business operations and on strengthening its organizational structure.
Main Resolutions of SPD Japan's 1st General Meeting of Shareholders
Establishing the Business Operating Structure
- Strengthened functions such as accounting, finance, legal, technology, and public relations, and began collaborating with specialist partners.
- Promoted a clearer risk management and compliance framework, both within and outside the company.
Confirming the Capital Structure and Approving the Registration Procedures
- The initial installment of paid-in capital has been paid in full.
- The shareholder composition and the Board of Directors structure were formally approved.
Future Policy
Building on the structure confirmed at this General Meeting of Shareholders, SPD Japan will conduct its business around the following 3 priority themes.
- Advancing license applications — Establishing an operating model that emphasizes legal compliance and transparency
- Building Web3 financial infrastructure — Using blockchain technology to develop an internal operating model for a stablecoin linked to the Japanese yen
- Strengthening collaboration with partners in Japan and overseas — Working with technology and financial partners in Japan and the Asia region to build steady payment infrastructure
Message from the Representative
This General Meeting of Shareholders marks the formal start of SPD Japan. In accordance with Japan's legal system, SPD Japan aims to develop transparent financial services and to create a "trusted yen-denominated stablecoin" befitting the Web3 era.
Company Overview
- Company name: SPD Japan K.K.
- Address: 7-7-7 Roppongi, Minato-ku, Tokyo, Japan
- Representative: Representative Director Yoshikatsu Kitano
- Established: 2025
- Business: Development and issuance of a Japanese yen stablecoin; research on and use of Web3 financial infrastructure
- Official social media: @SPDJapan