JPYC raises $38 million Series B led by major Japanese logistics firm AZ-COM Maruwa
Japanese stablecoin issuer JPYC raised $38 million in a Series B funding round led by logistics firm AZ-COM Maruwa. The partnership aims to facilitate the use of the yen-pegged stablecoin for daily business operations, marking a significant step for corporate crypto adoption in Japan.
Why it matters
This represents a rare instance of large-scale corporate integration of stablecoins into traditional logistics and payment networks, signaling potential growth for the yen-based crypto sector.
The investment brings the company’s total raised to $106 million across seven funding rounds since November 2021, according to venture capital data site Tracxn.
New investors in the latest round include AZ-COM Maruwa Holdings (9090), a major Japanese logistics company.
AZ-COM plans to settle payments in JPYC with its clients , including Amazon Japan. Its network of around 2,300 partners is made up of subcontractors, drivers and so on. The move marked the first large-scale corporate use of a stablecoin for daily business operations in Japan.
JPYC is one of the most prominent stablecoins pegged to the Japanese yen with a market cap of $55.5 million, according to data tracked by CoinGecko .
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