JPYC raises $38M Series B as AZ-COM Maruwa backs yen stablecoin
JPYC, the Tokyo issuer of Japan’s first licensed yen stablecoin, has closed a Series B extension, lifting the funding round to roughly 6 billion yen (about $38 million).
The round includes the logistics group, AZ-COM Maruwa Holdings, coming in as a new investor. The company also plans to pay out the fees and salaries of about 2,300 people using the JPYC token.
What is JPYC?
JPYC is a digital token, launched in October 2025, that always equals one Japanese yen. It is Japan’s first registered yen stablecoin and every JPYC token is backed by real yen deposits and Japanese government bonds held in reserve.
The company has closed a Series B extension of its funding round after AZ-COM Maruwa Holdings, which runs one of Japan’s largest trucking and warehousing networks and has Amazon Japan as one of its major clients, invested about 1 billion yen ($6.3 million).
The funding round was reportedly first closed in February, when Asteria Corporation led a 1.78 billion yen raise (around $12 million) drawn mostly from corporate Japan, including BitFlyer Holdings and vehicles tied to Meiji Yasuda Life Insurance and West Japan Railway.
… Continue reading the full article at the original source below.
