Japanese yen stablecoin issuer JPYC has expanded its Series B funding to about ¥6bn ($38mn), adding logistics group AZ-COM Maruwa Holdings as an investor as it seeks to move its token from Web3 markets into everyday corporate payments.
JPYC’s $38mn Raise Draws Logistics Group Exploring Stablecoin Payments
6 August 2026 - 18:30 UTC
By Matt Neill
The proceeds will support product development and the expansion of JPYC's financial and Web3 ecosystem. The investment is also tied to a business partnership rather than a purely financial stake. AZ-COM, a logistics company, plans to develop a payment platform for its employees, contractors, suppliers and other members of its wider business network.
The round builds on two earlier closes announced this year and comes less than a year after JPYC began issuing its regulated yen token. JPYC is exchangeable for yen at a one-to-one rate and backed by bank deposits and Japanese government bonds. It is currently issued across the Ethereum, Avalanche, Polygon and Kaia networks.
Logistics offers real-world test
AZ-COM has identified bank transfer costs and processing times as growing problems as its logistics operations generate larger numbers of small payments. Its industry network had 2,968 member companies at the end of June.
The companies are considering a dedicated wallet, instant rewards and payments automatically triggered when GPS or delivery records confirm that a job has been completed. That could reduce manual work involving invoices, approvals and bank transfers while giving JPYC a recurring commercial use beyond crypto trading.
Yen token competition builds
JPYC has pursued integrations with financial, retail and technology groups as it attempts to establish the token as open payment infrastructure. LINE NEXT – the Web3 subsidiary of Japan's LINE ecosystem – has selected JPYC for its forthcoming Web3 wallet, while other projects cover business payments, physical shops and cross-border transactions.
The logistics partnership gives JPYC a clearer test of whether a regulated stablecoin can improve established payment processes rather than simply replicate crypto transfers. Competition is also increasing. Japanese financial group SBI has introduced a yen stablecoin backed by its trust-banking arm, while the country's three largest banking groups – MUFG, SMBC and Mizuho – are developing a joint product.
