Tokyo-based JPYC, Japan's first licensed issuer of a stablecoin pegged to the yen, has closed an additional round of Series B financing. The total amount of attracted investments reached about 6 billion yen (about 38 million dollars). The new investor was the logistics group AZ-COM Maruwa Holdings, which invested about 1 billion yen ($6.3 million). Earlier, in February and April, the rounds were funded by major players such as bitFlyer Holdings, Meiji Yasuda Life Insurance, West Japan Railway, NCB Venture Capital, Metaplanet and Sumitomo Life.

AZ-COM Maruwa plans to use the JPYC token to pay rewards and salaries to approximately 2,300 business partners and independent contractors, including truck drivers. Payments in stablecoins are processed faster and cheaper than traditional bank transfers, which helps solve the problem of driver shortages in Japan amid an aging workforce. JPYC is already being tested for payment in Lawson stores, Kyoto vending machines and the Chibo restaurant chain. The funds raised will be used to expand payment systems, money transfers and integration with Web3.

Japanese authorities are promoting yen-denominated stablecoins as a counterweight to dollar-denominated tokens, which dominate the $315 billion global market. The government is striving to develop yen stablecoins as a payment system in Asia in order to preserve the role of national banks in cross-border settlements. "On-chain financing" has already been included in the national agenda. The country's largest banks – MUFG, Sumitomo Mitsui and Mizuho – conducted joint tests, and the SBI group launched its own JPYSC stablecoin in June 2026.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.