JPYC raises ¥6B as logistics firm backs yen stablecoin

On Aug. 5, 2026, JPYC announced an extension of its Series B that brought the round to 6 billion yen (about $38 million). The extension added roughly 1 billion yen to a near-5 billion yen raise previously reported. The company did not disclose a valuation.

Tokyo-listed AZ-COM Maruwa Holdings invested 1 billion yen and plans to pay about 2,300 business partners and individual contractors, including truck drivers, using JPYC’s yen-pegged stablecoin. AZ-COM Maruwa provides logistics services to clients including Amazon Japan.

Metaplanet Ventures invested 400 million yen in March as part of the same Series B. JPYC and Metaplanet are conducting a joint study into Bitcoin-backed tokenized credit products.

JPYC plans to use the new capital to expand its payment ecosystem across traditional finance and Web3, supporting payment schemes that connect onchain settlement with offchain commerce. The issuer launched in October 2025 as Japan’s first stablecoin registered under the Payment Services Act and is participating in a stablecoin payment pilot with convenience store chain Lawson. Data from Tracxn indicates JPYC has raised roughly $106 million across seven funding rounds since November 2021.

In June 2026 SBI Group launched JPYSC, a yen stablecoin backed by a trust bank. Major banks MUFG, Sumitomo Mitsui and Mizuho are developing a joint yen token. Those projects are focused on institutional and capital markets settlement, while JPYC has emphasized commercial circulation such as payroll, retail payments and supply-chain settlement.

Japan’s Basic Policy on Economic and Fiscal Management and Reform 2026, approved July 21, includes an agenda for onchain finance. JPYC referenced the policy when describing the AZ-COM Maruwa partnership.

Non-dollar stablecoins depend on recurring local-currency payment flows to sustain usage; dollar-pegged tokens benefit from broader global demand for dollar exposure. AZ-COM Maruwa’s plan to make weekly or daily payments to about 2,300 contractors would create recurring yen transactions for JPYC.

The companies intend to process frequent stablecoin payments to thousands of recipients, a test of operational, regulatory and banking interfaces for such volumes.