JPYC Raises $38M as Logistics Firm Preps Stablecoin Payroll for 2,300 Workers

TL;DR

• JPYC Inc. has raised 6 billion yen, approximately $38 million, through an extended Series B funding round.

• Logistics company AZ-COM Maruwa contributed a fresh 1 billion yen to the round.

• The funding will support JPYC’s financial and Web3 ecosystem and encourage wider stablecoin adoption.

Japanese stablecoin issuer JPYC Inc. has raised a total of 6 billion yen, approximately $38 million, in an extended Series B funding round as it seeks to expand the use of its yen-pegged digital currency.

The registered stablecoin company announced on Wednesday that it will use the proceeds to develop its financial and Web3 ecosystem while accelerating JPYC adoption among businesses and consumers.

The extended round included a new 1 billion yen, or approximately $6.3 million, investment from Japanese logistics company AZ-COM Maruwa. Metaplanet Ventures previously invested 400 million yen, approximately $2.53 million, in the Series B round in March.

AZ-COM Maruwa Invests in JPYC

AZ-COM Maruwa is a publicly traded logistics company based in Tokyo whose customers include Amazon Japan.

Beyond investing in JPYC, the company reportedly plans to integrate the stablecoin into its operations. According to Nikkei, AZ-COM Maruwa intends to use JPYC to pay fees and salaries to approximately 2,300 business partners and independent contractors.

The plan could provide JPYC with a significant real-world corporate use case while demonstrating how stablecoins can improve payment efficiency in sectors dependent on large contractor networks.

AZ-COM Maruwa reportedly views the speed of JPYC transactions as a potential tool for attracting and retaining business partners.

Japan’s logistics sector faces growing driver shortages due to its aging workforce and tighter regulations on overtime hours. Faster and more flexible payments could make partnerships with the company more attractive to drivers and contractors.

Using a stablecoin could also shorten settlement times and reduce the administrative burden associated with conventional payment systems.

JPYC Pilots Payments at Lawson

JPYC launched in October 2025 as Japan’s first registered stablecoin. The token is designed to maintain a one-to-one value with the Japanese yen while enabling blockchain-based transfers and payments.

The company is reportedly testing JPYC payments at a location operated by Lawson, Japan’s third-largest convenience-store chain.

The pilot could help JPYC evaluate how yen stablecoins perform in everyday retail transactions. A wider rollout through major retail networks would significantly expand the token’s visibility and practical use.

Japan’s stablecoin industry is becoming increasingly competitive as regulators show greater willingness to support blockchain-based finance.

Traditional financial institutions are now developing their own yen-backed digital currencies. SBI Group launched JPYSC in June, describing it as Japan’s first yen stablecoin backed by a trust bank.

Three of the country’s largest banking groups—MUFG, SMBC and Mizuho—are also developing a jointly issued stablecoin.

Growing participation from banks, retailers and logistics companies indicates that yen stablecoins could play a larger role in Japan’s domestic payments and on-chain financial ecosystem.

JPYC’s latest funding gives the company additional resources to compete in the developing market while expanding its token’s use across corporate payments, retail and Web3 services.