TOKYO, Mar 19 (Pulse News Wire) – Ips,inc. (4390.T) announced today that its subsidiary InfiniVAN, Inc., operating telecommunications services in the Philippines, resolved to establish a new subsidiary named Centimo Ventures Inc.
The decision was made during a board meeting held . The purpose of establishing Centimo Ventures Inc. is to explore and advance stablecoin-related businesses. With recent global expansion in online financial services and digital asset markets, particularly in cross-border transactions and cloud-AI services, there is growing demand for blockchain-based digital financial infrastructure. IPS Group aims to leverage its experience in building physical communication infrastructures, such as fiber-optic networks and international submarine cables, to expand into value-carrying infrastructures through fintech initiatives. Centimo Ventures Inc. will develop electronic payment systems, digital financial platforms, blockchain technology, and related software.
It plans to offer processing, clearing, and settlement services along with financial data analysis and risk management solutions. The capital investment for Centimo Ventures Inc. is set at ¥100 million Philippine pesos (approximately $1.9 million). InfiniVAN will hold 100% of the shares, with two directors from IPS concurrently serving as directors of Centimo Ventures Inc. The establishment of Centimo Ventures Inc. is expected to have a minor impact on IPS's consolidated performance for the fiscal year ending March 2026. Further significant developments will be disclosed promptly.
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