Osaka selects 4 of 12 projects for ¥28.89 million fintech grants

Osaka Prefecture selected four of 12 applications under its fiscal 2026 Pioneering Financial Market Formation Support Subsidy Program, approving a total of ¥28.89 million in grants. HashPort, Myna Wallet and Osaka Metropolitan University spin-off Mi&T will conduct payment demonstrations using JPYC, a yen-denominated stablecoin, or USDC, a U.S. dollar-denominated stablecoin. HashPort plans to test payments at prefectural retail stores and restaurants, with merchants receiving settlement in yen, as well as escrow-type e-commerce payments. Myna Wallet will use Sumitomo Mitsui Card's stera terminals, while Mi&T will test JPYC payments around Osaka Metropolitan University. SBI XDC Network APAC, working with TOPPAN and others, will place used auto-parts export procedures on a blockchain. The projects are intended to assess operational burdens, consumer convenience and costs as Osaka seeks to build on digital-payment experience from the Osaka-Kansai Expo and develop a fintech hub in the Kansai region.

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