JPYC has raised a total of $38 million through an extended Series B round, adding fresh corporate backing as the Japanese stablecoin issuer expands its payment network and Web3 financial services. The extended round includes a new investment of $6.3 million from Tokyo-listed logistics company AZ-COM Maruwa Holdings. AZ-COM Maruwa has become one of JPYC’s strategic investors, and plans to use JPYC to pay transportation-related fees and salaries to its business partners and individual contractors.
Stablecoin Expansion
JPYC has continued moving into commercial payment trials, including a stablecoin payment pilot with convenience store operator Lawson. Lawson is evaluating wallet integration, settlement processing, transaction speed and day-to-day store operations before deciding whether stablecoin payments are suitable for wider deployment across its stores.
Regulatory Environment
Japanese authorities have publicly backed the development of stablecoins and onchain financial services, encouraging financial institutions and companies to test regulated blockchain payment systems. Japan has also updated its legal framework for digital assets, classifying cryptocurrencies as financial products instead of payment instruments and laying the legal foundation for domestic crypto exchange-traded funds.
