JPYC Raises $38M as Logistics Giant AZ-COM Maruwa Bets on Yen Stablecoin

JPYC raises $38 million in extended Series B

JPYC Inc. has completed an extension of its Series B round, lifting the cumulative total to about 6 billion yen, or $38 million. The Tokyo-based company issues JPYC, a yen-pegged stablecoin. It said the fresh capital will expand its payment network, Web3 services, and financial infrastructure across Japan. The raise builds on earlier Series B closes that had reached about 5 billion yen by May 2026. Institutional interest in regulated yen stablecoins has grown through 2026.

AZ-COM Maruwa leads the latest funding extension

AZ-COM Maruwa Holdings, a logistics firm listed on the Tokyo Stock Exchange, joined the round as a new investor. The firm invested about 1 billion yen, or $6.3 million. Its regulatory filing records the investment at 1,001,080,000 yen for preferred shares, giving it a 2.9% voting stake. The two companies signed a capital and business partnership aimed at long-term digital transformation, and the share purchase settled at the end of July 2026. Earlier closes in the same Series B drew backers including Metaplanet Ventures.

Logistics firm plans to pay 2,300 partners in JPYC

AZ-COM Maruwa plans to use JPYC to pay transport fees and salaries to about 2,300 logistics partners and independent contractors, including truck drivers. The firm expects faster settlements and more frequent payments than traditional bank transfers. It also sees the stablecoin as a way to cut transfer fees and processing time. The AZ-COM network counts nearly 3,000 member companies as of June 2026. The move responds to labour shortages tied to Japan's ageing workforce and stricter overtime rules.

JPYC launched as Japan's first registered yen stablecoin

JPYC began issuance in October 2025 as Japan's first yen stablecoin registered under the country's fund-transfer rules. JPYC Inc. was founded in 2019 and is based in Tokyo. It says the token holds a one-to-one peg backed by yen deposits and government bonds. The stablecoin runs on several public blockchains, including Ethereum and Avalanche. According to CoinDesk, JPYC has raised about $106 million across seven funding rounds since November 2021.

Retail and banking adoption of yen stablecoins grows

JPYC is expanding beyond corporate payments into retail. Convenience store chain Lawson has launched a pilot that lets customers test stablecoin payments on existing point-of-sale systems. The trial uses standard terminals rather than separate payment hardware. Interest in regulated yen tokens is also rising among banks. According to CoinDesk, three Japanese banks aim for joint stablecoin issuance by March 2026.

JPYC price holds close to its yen peg

JPYC traded at about $0.0063 at the time of publication, close to one yen and steady over the past 24 hours (CoinPaprika, 6 August 2026). The token stayed within 1% of its recent high, and its 24-hour trading volume was modest at about $46,000 (CoinPaprika, 6 August 2026). As of May 2026, JPYC counted about 18,000 account openings and cumulative issuance near 2.5 billion yen.

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